House prices near same level as in the summer of 2006

House prices rose 0.1% in June, marking an 8.4% annual rise, according to figures from the Land Registry.

The Land Registry’s house price index shows that this is the eighth month in a row in which the annual figure has been positive, taking the average property value in England and Wales to £166,072.

House prices are now around the same level they were in the summer of 2006.

All regions in England and Wales experienced increases in the average property price during the past 12 months.

The region with the highest annual price change is London with a rise of 12%, while the smallest rise of 0.7% was seen in the North-East.

Wales saw the greatest monthly rise with a hike of 2.9%.

But again the North-East experienced the biggest monthly price fall with a drop of 1.3%.

In April the number of completed house sales in England and Wales rose 26% to 49,323 from 39,280 in the same month last year.