7 December 2016

Headlines from the latest land registry report

The latest report from the Land Registry covers the month of September.  The main headlines show that:
·         The average price of a property in England was £234,250
·         The annual price change of a property in England was 8.3%
·         The average monthly price change of a property in England was 0.2%

Our area of Test Valley however has performed above the average though.  In September 2015 the average price of a property was £282,766 whereas now it stands at £313,320, a very healthy increase of 10.8%.  A first time buyer is currently paying an average of £198,630 for their first home.


Repossessions in the South are still amounts some of the lowest levels in the country with a total of 31 homes being repossessed during the month of July, the most recent figures available.