The latest Land Registry figures provided a flurry of headlines and plenty for the house buyer or house seller to consider.

The headline-grabbing figure was a 2.3 per cent drop in the past year of property values throughout England and Wales – only London seeing a slight increase.

The North East saw the greatest annual price fall (-9.3 per cent) but the North West saw a slight month on month rise of 0.8 per cent.

Second biggest annual drop in house prices was Wales, down 7.2 per cent to give an average house price of £115,998. Walesonline reported upbeat comments from estate agents who suggested this was a realistic readjustment of the market and that prices would rise once confidence returned to the wider economy. The website even provided a regional round-up of house prices over the last ten years showing most have doubled in that time.

For more info check out http://www1.landregistry.gov.uk/house-prices