Houses prices grow at fastest pace for a year in February according to Your Move

March 13, 2017

The Your Move latest England & Wales House Price Index for February 2017 released today  headlines ‘Highest house price growth for a year with Birmingham and Merseyside experiencing new peak’.

The report states: Prices grew at their fastest pace for 12 months in February, at 0.6% monthly, but annual house price inflation fell for 12th consecutive month to 2.4%, lowest rate since 2013.

The average house price in England & Wales in February 2017 is £297,832, with both Merseyside and Birmingham experiencing peak prices, the East of England is overall top performing region with prices up 5.9%.

Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents said: ‘Its an encouraging start to 2017. We’ve seen the strongest house price growth in a year, the emergence of the promised Northern Powerhouse and the first tentative signs of a recovery in our highest priced properties in London.

“The good news too is that the number of first time buyers grew last year and house building was up – although home ownership is now at its lowest level in over three decades”.

Information source Your Move and lslps.co.uk

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

How will tenants be affected by the incoming Renters’ Rights Act?

On 28th October 2025, the Renters’ Rights Bill was passed into law, and it is now the Renters’ Rights Act. Changes to legislation resulting from this new Act will take effect from May 2026. This will affect landlords and how they let out their property, and it is worthwhile being aware of how it affects…
Read More →
Seaside Properties UK
Overseas Property

Gibraltar property values rise faster than UK

Gibraltar house prices rise faster than UK and London, despite market activity dropping 46% The latest market analysis by Enness Global has revealed that Gibraltar’s property market has seen stronger annual house price growth than both the UK and London, even as the number of transactions completing across the market has fallen sharply, creating a…
Read More →
Breaking News

Homes with fewer photos priced £80,000 lower

The latest research by London lettings and estate agent, Benham and Reeves, has revealed a stark disparity in asking prices depending on how extensively a property is marketed, with homes listed using four photos or fewer priced almost £80,000 lower on average than those benefiting from five or more images. Benham and Reeves analysed current…
Read More →
Breaking News

January market momentum builds

Analysis of the latest market data by eXp UK has revealed that the UK property market has picked up pace in January, with both new instruction volumes and the price of these new listings increasing when compared to the same period in previous years. eXp UK analysed the latest market data*, looking at both new…
Read More →
Breaking News

Breaking Property News 28/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Tenancy Deposit Scheme further enhances rental UX with continued tie up with tlyfe app TDS has announced a multi-year extension of its partnership with tlyfe, the fast-growing tenant lifecycle app powered by OpenBrix. Expanding coverage across England & Wales, Scotland and Northern Ireland, the new…
Read More →
Rightmove logo
Breaking News

More affordable locations grew most in price in 2025

New analysis of the 2025 market highlights that lower-priced locations grew the most in asking prices during 2025 as affordability continued to drive buyer behaviour Across the top 50 local areas where property asking prices grew the most last year, only seven are priced above the current national average of £368,031 Hawick in Roxburghshire in…
Read More →