House sales plummet 11% year on year | Money | guardian.co.uk
The number of homes sold in England and Wales plummeted by 11% between July 2010 and July 2011, according to the latest figures from the Land Registry. House prices fell by 0.3% in September 2011 following August's drop of 0.1%, taking the annual price fall to 2.6%.
The September figures, based on official records of property transactions, take the average price of a home to £162,109, down 2.7% or £4,534 from the peak of £166,643 seen in August 2010.
The only region in England and Wales to experience an increase in its average property value over the past year is London, where prices rose by 2.7%. The north-east experienced the greatest annual price fall with a decrease of 8.2%.
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