Figures released by the Land Registry on 28th October show that House Prices in England have increased 1% in September, and by 5.3% over the 12 months since August 2014.
Obviously National figures don’t necessarily reflect the local reality : average prices in London have risen by almost 10% and have fallen in some parts of the North East.
Here in the South West, the Land registry’s figures suggest that average prices have risen 4.4% over the past year, with an increase of just 0.3% in the past month. The average house price in the South West is now £193,538.
It appears that over the country and the region as a whole, the number of homes changing hands has fallen by around 4%.
Despite the small reduction in national sales, our property department remains very busy, and has seen no corresponding fall in new instructions, or, happily, in satisfied clients! One recent client commented;
“From start to finish we received excellent service. This is why we continue to use FDC Law and will do so in the future. We recommend you to all family and friends”