Boost in value of Welsh property reported
The Land Registry has released house price data for May, showing that the cost of housing in Wales increased month-on-month.
A rise in average property price of 1.2 per cent was recorded, meaning the average home in the principality stood at £119,990.
In a statement today, the Land Registry said that out of all the regions in England and Wales, it was property in the latter that showed the highest house price inflation.
Overall, it was noted that monthly house prices dropped by 0.2 per cent in the whole of England and Wales.
The Land Registry's findings go against those reported by Nationwide Building Society and Halifax at the start of June.
Both these financial institutions' property price indexes showed that the value of the average house in the UK increased during May.
Moreover, a recent assessment of the market by the National Association of Estate Agents suggested that more home-buying activity is expected in the coming months.
To book your free initial consultation with mortgages for professionals click here.
A rise in average property price of 1.2 per cent was recorded, meaning the average home in the principality stood at £119,990.
In a statement today, the Land Registry said that out of all the regions in England and Wales, it was property in the latter that showed the highest house price inflation.
Overall, it was noted that monthly house prices dropped by 0.2 per cent in the whole of England and Wales.
The Land Registry's findings go against those reported by Nationwide Building Society and Halifax at the start of June.
Both these financial institutions' property price indexes showed that the value of the average house in the UK increased during May.
Moreover, a recent assessment of the market by the National Association of Estate Agents suggested that more home-buying activity is expected in the coming months.
To book your free initial consultation with mortgages for professionals click here.
