House price fall slows states Land Registry report

Sat 27 June 09 – news from chairman of the Norfolk branch of the NAEA, Ian Harris, of Watsons estate agents.

As we are in the school report season, here’s my adapted version of the latest Land Registry Housing Market report – “showing potential but offering plenty of room for further improvement!”.     The Land registry published their latest data on Friday 26 June showing that the monthly house price fall in May slowed to 0.2% (about £300 off the average house), although “the East” was 2nd from top of the regional class with a modest increase of 1.1%.   The numbers of houses selling have continued their modest month-on-month improvement with 33,161 uk properties selling in March.  This is just over half of what was achieved last year (57,929) so leaves plenty of scope to do better still!   Given positive reports from agents I expect to see more of the same next month.

*See www.landregistry.gov.uk or Ian’s at Watsons on 01603 619916.

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