House prices rise 0.1% in June

Property prices rose just 0.1% between May and June with the average house price in England and Wales reported to be £166,072.

This is the eighth rise in a row, according to figures from the Land Registry house price index, with prices back to Summer 2006 levels.

All regions in England and Wales experienced increases in their average property values over the last 12 months, with London seeing the highest annual price change with an increase of 12.2%.

The region with the smallest annual price rise is the North East with a movement of 0.7%.

Wales experienced the greatest monthly rise with a movement of 2.9%. The North East region experienced the most significant monthly price fall with a movement of -1.3%.

During April 2010, the number of completed house sales in England and Wales rose by 26%  to 49,323 from 39,280 in April 2009.