House prices reveal small increase

There has been a small increase in house prices, new figures have suggested.

Land Registry figures for August have shown a 0.1 per cent rise across England and Wales during the month, with a regional pattern appearing to exist.

While all three southern English regions showed increases in price, there were falls in the three northern regions.

In between, Wales, eastern England and the West Midlands saw prices go up, while in the east Midlands they were down.

Such a finding may suggest the development of a north-south divide in price trends, a view that could also be supported by Hometrack’s figures for the month.

These also revealed a 0.1 per cent increase, with this being caused entirely by price rises in three regions – London, the south east and East Anglia.

Hometrack interpreted the figures to suggest the trend for prices to increase is a regional one, rather than national.

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