... residential property market for England and Wales. The figures also incorporate average prices and number of sales within Greater London by individual London Boroughs. Sales in this context are taken to mean the transfer of ownership for value of freehold and long leasehold residential properties, whether or not the purchase was supported by a mortgage. No weighting or adjustment was applied to the information collected to reflect any seasonal or other factors. The price data can be said to be actual unadjusted averages, drawn from the great majority of all residential sales completed during the last quarter of 2002. All types of accommodation have been included in the numbers, whether detached, semi-detached, terraced houses or flats or maisonettes were sold. The averages also only contained data collected for post-code purchases, which meant that on average 20% less of sales have been included in the figures. However because of the number ...

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