The Land Registry’s latest press release states:
April house prices up 0.2 per cent since March: average house price in England and Wales now £165,596
The April data from Land Registry’s flagship House Price Index shows an annual price increase of 8.5 per cent. This is the sixth month in a row in which the figure has been positive and takes the average property value in England and Wales to £165,596. The monthly change from March to April is a rise of 0.2 per cent.
We all know our government thinks we are stupid – that almost goes without saying, but the recent quietly released and not-talked-about figures from the Land Registry bear closer inspection than the government press release farms (newspapers) have given. Quite honestly – how any one makes an informed decision based on the misinformation and garbage being spouted is beyond me.
It appears the British Government Inc has managed to eke out another 0.1% increase in average sale prices in the UK at the expense of sales volumes. According to the Land Registry, average sales prices have now risen 0.1% to £161,764, bringing the yearly increase up 2.5%
More on Property prices in the UK still distorted by low sales volumes
