Chesterton Meta-Index November 2007 indicates that asking price growth across the regions in England and Wales was less than 1% month-on-month.

Last month’s index reported that asking house prices in London and Yorkshire and the Humberside fell. According to the Land Registry data recently released, these regions had the strongest fall in house prices out of the 12 regions covered by the index.

The latest index highlighted that the asking price of an average residential property in England and Wales has risen to £199,462 and the least expensive region in the UK to buy a property is now £131,984. At this time last year, Scotland was the least expensive region but asking prices have risen 18.7% in Scotland over the last year, compared to 5% in Yorkshire. The average residential property in Scotland is now £143,043 and it is the fourth least expensive region.
Asking price growth across the regions in England and Wales was less than 1% month-on-month. Prices in Scotland and Northern Ireland continue to grow at a faster speed that the rest of the UK. Flat prices increased by just 0.4% in November as many sellers placed their properties on the market in order to avoid the extra cost of Home Information Packs (HIPs).