House prices rise 1.3% in July | Money | guardian.co.uk

House prices rise 1.3% in July | Money | guardian.co.uk

House prices rose by 1.3% in July, according to the Land Registry, taking the annual fall in prices to 2.1% and the average price of a property in England and Wales to £163,049.

The housing index said the south-west experienced the greatest monthly rise with an increase of 2.2%, while the north-east experienced both the greatest annual price fall with a decrease of 8.8%, and the most significant monthly price fall at -2.3%.

The only region in England and Wales to experience an increase in its average property value over the past 12 months is London with a rise of 1.3%