Prices fell again in July on a monthly basis according to LSL

August 14, 2018

Latest LSL Property Services/Acadata England & Wales House Price Index report – July 2018 headlines ‘Average house price in England and Wales now £302,251’

On a monthly basis, prices fell again in July, for the fifth month in succession: down 0.2%, leaving the average house price at £302,251. The figure is still up on an annual basis, however, with prices increasing 1.6% and all regions in England and Wales recording modest, but positive growth.

The average price of a property In London now stands at £625,529 at the end of June with prices falling in almost two thirds (21 out of 33) of the city’s boroughs on an annual basis.

Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents said:

“Whilst the market continues to be challenging all regions and most local authorities continue to show house price growth, proving its resilience.”

Read the LSL/Acadata E&W House Price Index report – July 2018 published 13th August 2018 in full click here.

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.

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