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| First 2009 rise for house prices | First 2009 rise for house prices |
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| House prices in England and Wales have risen month-on-month for the first time since January 2008, according to the Land Registry. | House prices in England and Wales have risen month-on-month for the first time since January 2008, according to the Land Registry. |
| The 0.1% rise in June compared with May brought the value of the average home to £153,046, the survey found. | |
| It said that the figures revealed a "flattening" of prices, although the value of the average home was down 14% on the same month a year earlier. | It said that the figures revealed a "flattening" of prices, although the value of the average home was down 14% on the same month a year earlier. |
| The survey compares the price of homes sold now with the price paid before. | The survey compares the price of homes sold now with the price paid before. |
| "This is the first time in well over a year that the monthly change has been positive," the Land Registry survey said. | |
| "However, as the monthly increase is only 0.1%, the movement does not signal a return to solid growth, but rather flattening prices." | |
| Regional breakdown | |
| The survey is widely considered to be the most authoritative property price survey because it measures the change in prices by recording completed sales rather than mortgage data. | |
| Over the year to June, prices of detached homes in England and Wales have fallen the least, by 12.2%, the data revealed. | |
| Semi-detached homes (down 14.3%), terraced houses (down 14.6%), and flats or maisonettes (14.8% down) all witnessed bigger falls in value. | |
| During the same period prices fell the most in the north-east of England, a fall of 15.9%, and the least in the West Midlands, which saw a drop of 11.9%. | |
| There was a divided picture across England and Wales for property values in June compared with May. Five areas showed a rise in prices and five showed a fall. | |
| The rises were in London (up 2%), the West Midlands (up 0.5%), the South West (up 0.4%), the South East (up 0.3%), and the East (up 0.2%). | |
| The falls were in the North East (down 0.1%), the North West (down 0.9%), the East Midlands (down 1.1%), Wales (down 1.1%), and Yorkshire and the Humber (down 1.2%). |