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House prices rose by 2.1 per cent in January, says Land Registry

House prices rose by 2.1 per cent from December to January, according to data from the Land Registry.

In the January data from its House Price Index, the Land Registry says house prices have increased by 5.2 per cent this year in England and Wales.

The report says that it is the second month in a row in which the figure has been positive, taking the average house price to £165,008.

Seven regions saw increases in their average property value, says the report, including the West Midlands, South East, South West, East, Wales and the East Midlands, with London seeing the biggest increase of 10.5 per cent.

The North West, Yorkshire & Humber and the North East were the only region in England and Wales to see decreases in their monthly and annual average house prices.

Figures show that during November 2009, the number of completed house sales in England and Wales rose by 54 per cent to 55,715 from 3,091 in November 2008.

Nationwide revealed that house prices fell by 1 per cent in February earlier today in their latest monthly house price index, saying that the spell of snowy weather was a factor behind the end of a nine-month run of consecutive increases.

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