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“Property prices in England and Wales increased by 4.6% in July year on year, taking the average property value to £183,861, according to the latest data from the Land Registry. Month on month they increased by 1.7% with the East of England seeing the largest monthly rise of 2.8% and the biggest annual price increase with a rise of 8.9%, the data also shows.”
“The number of mortgage approvals for house purchase in July stood at 68,764 – up from an average of 64,186 over the previous six months, The Bank of England figure was released yesterday. The Bank also said that the number of approvals for remortaging was 38,042, up from a monthly average of 34,549 over the previous six months.”
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