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.

You May Also Enjoy

LIVING BY THE SEASIDE 2022
Breaking News

Whitby crowned most exclusive coastal location

The latest research from Yopa has revealed that while Brighton in the South East is home to the highest monthly coastal mortgage cost, it’s Whitby in North Yorkshire that commands the highest premium when compared to the wider region, with the average monthly mortgage sitting payment 33.7% higher than the Yorkshire and the Humber average.…
Read More →
Breaking News

ONS report on private rental affordability

Private renters on a median household income could expect to spend 36.3% of their income on an average-priced rented home in England, compared with 25.9% in Wales and 25.3% in Northen Ireland in 2024. Private rental affordability has fluctuated since 2016 but remained above the 30% affordability threshold in England, while it moved below the…
Read More →
Breaking News

End of August Will See an 84% Increase in UK House Moves

The last week of August is always a busy time for moving, with an average of 3.5% of all yearly moves taking place in that week, being the busiest week for moving in 2023 and the second busiest week for moving in 2024. 2025 is expected to be no different and should see a larger…
Read More →
Damaged timber from Dry Rot
Breaking News

Surveying capacity is being outpaced by compliance demand

The surveying industry has a problem: the shrinking capacity of surveyors is coming face to face with an increased compliance demand. Expert insight from Property Inspect suggests that increasing the workforce alone is not enough to fix the problem. The profession must also be equipped with Golden Thread compliant evidence packs that accelerate building safety…
Read More →
Breaking News

Apprentices often able to buy homes years earlier than graduates

With A-level results finally released, for those torn between university and an apprenticeship, there’s more than just career direction to consider. In the past few years, data has shown that apprentices are often able to buy homes years earlier than graduates, a growing financial gap that’s making home ownership feel close to impossible for many…
Read More →
Breaking News

Landlords invest in 85,000 fewer properties

The latest analysis from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has revealed that landlord purchasing activity has slowed considerably, with an estimated 170,520 landlords buying a property in the last 12 months compared to 255,780 a year earlier – a drop of 85,000 transactions. Dwelly analysed the latest figures…
Read More →