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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.


Forging a leads alliance

Following the merger of their two firms under the Leadbay banner Rob Ridge (right) and Grant Stevens are hoping to make further inroads into the lead generation sector

Pension - thumbnail

David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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