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Property prices in England and Wales up by 0.4% last month, new data shows

It means that the average house price in England and Wales is now £161,458. The April data also shows an annual price increase of 0.7%. The data also shows that repossession volumes decreased by 28% in February 2013 to 1,293 compared with 1,788 in February 2012.

The region in England and Wales which experienced the greatest increase in its average property value over the last 12 months is London with a movement of 6.2%. London also experienced the greatest monthly rise with a movement of 1.4%.

The region with the greatest annual price fall is the North East with a decrease of 5.7% and also saw the most significant monthly price fall with a decrease of 1.6%.

The most up to date figures available show that during February 2013, the number of completed house sales in England and Wales decreased by 3% to 43,573 compared with 44,829 in February 2012.

The number of properties sold in England and Wales for over £1 million in February 2013 increased by 3% to 488 from 475 in February 2012.

All regions saw repossessions decrease between February 2012 and February 2013. The region with the greatest fall in the number of repossessions was the West Midlands.

From today Land Registry's data tables based on over 17 million cash and mortgage sales, are being made available as open data.
The aggregated House Price Index (HPI) tables dating back to 1995 can be downloaded in CSV and Excel formats free of charge and, from July, they will be available in machine readable linked data format. Land Registry's HPI for England and Wales is widely regarded as the most comprehensive property index available.

‘The release of this data demonstrates our commitment to greater transparency and the open data agenda. It also supports our plan to release all our licensable data by 2018,’ said Andrew Trigg, head of data programme at the Land Registry.

‘Our HPI was first published online in October 2006 and since then entrepreneurs and organisations have re-used the data to support business decision making and develop innovative applications and services. By making the archive data widely available, we hope it will unlock further potential, contributing to business innovation and economic growth,’ he explained.

‘By publishing the full dataset in a more usable format which incorporates the raw and smoothed aggregated data, we hope to encourage the development of applications and services which benefit both industry and the public,’ he added.

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