Highest house sales for seven years

House sales have recovered to their highest level since the financial crisis, a new report suggests.

An annual average price increase of 9.9 per cent, or 4.6 per cent when London and the South East are excluded, was revealed in the latest LSL house price index.  The average house price climbed by 0.6 per cent in July to £270,636, while the capital’s average price sits at £560,386, a two per cent increase from June.

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