Housing Market Revival Continues
The Land Registry’s latest survey shows that property prices rose at their strongest rate since the beginning of 2005 in the latest quarter


Activity levels and prices remained extremely strong in the second quarter of 2006, according to the Land Registry?s latest survey. Average house prices across England and Wales rose by 7.7% - more than double the figure recorded this time last year. Completed sales have also risen; the Land Registry recorded 268,430 sales in the last quarter, a rise of 24% since last year. The Land Registry?s data is drawn from arithmetic averages, prompting property experts to read them cautiously. ?The upturn in sales in London, where average prices are 50% higher than the national average, will have boosted the figures,? commented property economist Ed Stansfield. Mr Stansfield believes last week?s interest rate rise will put further pressure on stretched levels of affordability in the market. But he concludes that the Land Registry survey boasts positive results: ?Today?s data confirms that there has been a revival in the housing market,? he said.
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by HRH The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.
-
'I have lost a treasure, such a sister, such a friend as never can have been surpassed': Inside Jane Austen's Winchester home, the house where she penned her final words and drew her final breath
Jane Austen spent the last days of her life in rented lodgings in Winchester, Hampshire. Adam Rattray describes the remarkable recent discoveries made about the house in which she died.
By Adam Rattray Published
-
An utterly charming island home in Scotland with gardens so beautiful they made the cover of Country Life
An Cala on the Isle of Seil has a fascinating history that is only enhanced by its amazing setting.
By James Fisher Published