House prices fall everywhere except London

The sale price of the typical home is now just over £162,000, the Land Registry has said.

The only region in England and Wales to see a rise over the last 12 months was London, where homes have gone up by 2.1 per cent.

The measure of house prices is seen as being particularly volatile at present because transactions are below pre-recession levels.

The latest figures show that over the year to June, the number of completed house sales in England and Wales went down by 13 per cent to 54,776.