Biggest monthly house price rise in years
The Land Registry has recorded the biggest house price rise in a month since 2004


Property prices rose by 1.7% in July compared the biggest monthly leap in value since July 2004, according to the latest report from the Land Registry.
The report says every region recorded a monthly rise in prices, and the average property is now valued at £155,885. But prices were still 11.7% down year-on-year.
The annual drop has been sharpest in the North East and least dramatic in Wales which saw the biggest month-on-month rise of 3.1% in July from June whereas prices rose by just 0.9% during the same period in Yorkshire and the Humber.
* For more news stories like this every week subscribe and save
The biggest drop in sales came at the top end of the market, the Land Registry also found, in the £1.5m to £2m bracket. Some 38 were sold in this price range in May compared with 88 in May 2008, a fall of 57%. The number of homes sold at more than £1m in the same period fell from 453 to 242, a drop of 47%.
Despite this positive report, many economists are convinced the market is not yet out of the woods: 'Having fallen some 17% over the past 18 or so months, house prices are now rising,' said Seema Shah from Capital Economics. 'However, the still exceptionally-low levels of activity, coupled with the weak economic backdrop and tight lending criteria, suggest that any revival in UK house prices will be temporary.'
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
-
'True waterfront homes are finite... miss one and it could be years before you see another like it again': Why the best waterfront property always hits the spot
There’s no denying the appeal of waterfront property, which now sells for some 51% more than its inland equivalent, finds Knight Frank. Annabel Dixon explores the shore.
-
Beyond Royal Portrush: Castles, country houses and ancient towers in the other dimension of golf in Ireland
Rory McIlroy's history-making exploits and The Open arriving at Royal Portrush have made 2025 a banner year for Irish golf — but there's far more to golf on the island of Ireland than those headline-grabbers, as Toby Keel finds out.