The Land Registry, which records all completed property sales in England and Wales, is widely regarded as producing one of the most authoritative house price reports, although it does lag behind data from lenders. It compares the price of properties sold now with the price paid when they were sold previously. However, repossessions and property transfers following a divorce are excluded from the sample.
The recovery in the housing market has been revealed in a series of surveys in recent months, including the Nationwide building society's index which is based on mortgage data, which this week revealed prices had risen by 1.6% in August compared with July.
On a national and regional level, the biggest month-on-month rise in property values came in Wales, where prices rose by 3.1% in July compared with June. At the other end of the scale, prices rose by 0.9% during the same period in Yorkshire and the Humber. The Land Registry analysis is one of the very few reports that maps out house prices changes at a local level.
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