The report covered the period from April - June 2005.
The average house price in England and Wales for the quarter is £184,924 an annual increase of 5.43 per cent compared to an average of 16.98 per cent for the same period last year.
The volume of sales in England and Wales decreased by 27.7 per cent from 299,986 in 2004 to 216,890 for the same period in 2005. Q1 sales decreased by 35 per cent from 243,914 in 2004 to 159,116 in 2005.
The following information is contained in the report:
England and Wales
* The average price increased by 5.43 per cent from £175,401 in 2004 to £184,924 for the same period in 2005.
* All economic regions in England and Wales show an increase in average prices.
* The volume of sales decreased by 27.70 per cent from 299,986 in 2004 to 216,890 for the same period in 2005.
* 718 properties over £1 million were sold compared to 977 for the same period in 2004.
* 70,117 properties were sold for less than £120,000.
Greater London
* The average property price increased by 4.61 per cent from £280,431 in 2004 to £293,349 for the same period in 2005.
* The volume of sales decreased by 28.37 per cent from 36,643 in 2004 to 26,249 for the same period in 2005.
* 454 properties over £1 million were sold compared to 638 for the same period in 2004.
* The average house price in England and Wales for the period July -September 1996 was £73,559, an annual increase of 5.21 per cent.
