Private landlords in England and Wales may have seen the value of their property increase during the last month.

The latest figures from the Land Registry indicate that the average house price in these two countries grew 0.6 per cent between September and October.

According to the property group, the typical value of residences in England and Wales has now grown for the last six months in a row.

Data from the Land Registry comes after Paragon Mortgages recently published research showing that UK private landlords are generally confident the value of their portfolios will increase in the coming 12 months.

However, the latest house price data indicated that all regions in England and Wales have experienced a decrease in their average property prices year-on-year, with the West Midlands recording the most significant price slump of 6.3 per cent.

Areas where prices are now on the rise include the north-west, where there was apparently an increase in value of 1.9 per cent between September and October.

Written by Mark Garner

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