New figures from the Land Registry show a sharp fall in house price inflation in London in the third quarter of 2004.
According to the government department’s figures, the average property in the capital is now worth £287,470, 3.4% more than in the second quarter. There was an increase of 6.7% between the first and second quarters of this year.
But away from the South-east there is little evidence of a slowdown yet. The average British house price rose 6.7% to £187,971; faster than the 5.7% increase seen between the first and second quarters.
In the Land Registry’s list of places still seeing a rise in price increases, Wales took seven of the top 10 spots, with Anglesey at the top of the pile. In the year to September, the average price of a house on the island went from just under £90,000 to £130,000, an increase of almost 50%.
The Land Registry’s figures are based on actual transactions, rather than agreed sales.