The Average Price of a property in England and Wales is now \u00c2\u00a3165,314 as at the end of May, 2010.<\/p>\n
Source: Land Registry<\/p>\n
The Monthly change between May and June in England and Wales was -0.2%.
\nThe Annual change between May and June in England and Wales was 8.2%.<\/p>\n
Source: Land Registry<\/p>\n
The average price of a house is now \u00c2\u00a3167,750. House prices in May were 0.4% lower than in April. Despite this decrease for the second month in a row, house prices are still 6.9% higher than this time last year, measured by the average for the latest quarter against the same period a year earlier.<\/p>\n
Source: Halifax\/Lloyds TSB<\/p>\n
The price of a typical UK property rose by a seasonally adjusted 0.5% month-on-month (m\/m) in May, making house prices 9.8% higher than a year earlier.<\/p>\n
At \u00c2\u00a3169,162, the average price of a typical property is now within 10% of the peak in October 2007.<\/p>\n
Source: Nationwide<\/p>\n
As widely predicted, the Bank of England Monetary Committee confirmed that the Bank Base Rate is to remain at 0.5% for a further month.\u00c2\u00a0 It has been at this level since 05th<\/sup> March, 2009.<\/p>\n Source: Bank of England<\/p>\n Regional trends in House prices.<\/strong><\/p>\n Largest increase in June is in Greater London, where the average price was up by 2.2% to \u00c2\u00a3429,597. (8.2% higher than June 2009)<\/p>\n Largest decrease is in the West Midlands, where the average price is down by 3.3% in June to \u00c2\u00a3189,049 (but still 2.5% up on June 2009).<\/p>\n Source: Rightmove<\/p>\n House Purchase Lending in May was \u00c2\u00a36 billion as against \u00c2\u00a34.4 billion in May 2009.\u00c2\u00a0 Same as in May 2008.<\/p>\n Source: Bank of England<\/p>\n Gross mortgage lending totalled an estimated \u00c2\u00a311.3 billion in May, a 7% increase from \u00c2\u00a310.5 billion in April and up 10% from \u00c2\u00a310.2 billion in May 2009.<\/p>\n Source: Council of Mortgage Lenders<\/p>\n","protected":false},"excerpt":{"rendered":"Mortgage Lending by the Major UK Lenders<\/h3>\n
New Mortgages granted<\/h3>\n