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House prices in England and Wales increased 0.6% on a monthly basis in October, a report from the Land Registry showed on Friday. The average house price amounted to GBP 159,546 in October.
On an annual basis, house prices dropped 3.4% in October. This was the sixth consecutive month in which the annual decline has eased.
Meanwhile, the monthly house prices for London and South East increased by 1.4% and 1.3%, respectively in October. House prices for West Midlands fell 0.6%.
In August, the number of properties sales in England and Wales increased 4% compared to the previous year.
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