LSL Property Services / Acadata HPI August
September 16, 2015
LSL Property Services / Acadata ( England & Wales ) House Price Index for August
House prices see biggest monthly boost for a year.
Average house prices across England and Wales jumped £1,900 in August, the fastest rise seen for past twelve months. This takes property values to eighth peak this year, standing at £282,816 after 4.1% annual increase.
East Anglia sees the highest rise in prices of all regions, due to a scarcity of properties coming to the market. Overall home sales fall behind 2013 levels for the first time this
year in August, following 14% monthly drop.
The North records strongest activity, with only increase in property sales over the past three months, up 3% year-on-year.
Adrian Gill, director of Reeds Rains and Your Move estate agents, comments: “House price growth now firmly has the bit between its teeth, and August witnessed the strongest monthly boost for a year. Average property values across England and Wales have jumped 0.7% (equal to £1,876)since July, which is the biggest monthly increase seen since August 2014. So far in 2015, monthly price rises had struggled to break above the 0.5%, so this clearly marks a step up in pace, as a shortfall of summer sellers puts buyers in hot contention for properties.”
Go to LSLP website for details in full including the rest of comments by Adrian Gill and comments by Peter Williams, Chairman of Acadata and John Tindale, Acadata housing analyst; http://www.lslps.co.uk/
.
You May Also Enjoy
More sellers looking to enter the property market
The latest research from eXp UK has revealed that an increasing number of home sellers are entering the UK market, as demonstrated by recent growth in online search interest for terms such as ‘estate agent’ and ‘best estate agent’. Previous research from eXp UK recently found that sellers started reentering the market in the opening…
Read More 
Non-standard home insurance cover and how to get it right
Leading insurer provides the low-down on non-standard home insurance cover and how to get it right Most home insurance policies in the UK are designed for ‘standard’ homes, but not every home is considered standard. Whether the property is built with timber frames, has a flat roof or is a listed building, it may fall…
Read More 
Should you change mortgage lender?
The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that more than half of homeowners approaching the end of a fixed-rate mortgage are currently undecided on their future with their mortgage lender, despite notable improvements across the mortgage market over the last 12 months. The consumer insight, commissioned by Alexander Hall, surveyed 1,035…
Read More 
Property chains cost movers £2,000 in unexpected costs
Property ‘chain reactions’ add over £2k to moving costs on average Nearly half of home buyers who have been in property chains say they experienced delays or transaction breakdown because of related issues Problems with chains have led three in 10 to put off future moves, while one in seven say they’d only consider a…
Read More 
Rental demand remains resilient in 2026
The latest research from Benham and Reeves has found that around a quarter of all rental homes currently listed across Britain have already secured a tenant, highlighting continued underlying demand despite ongoing regulatory uncertainty. Benham and Reeves analysed current rental market listings to highlight current rental demand, the size of rental properties currently most in-demand…
Read More 
Buy-to-let lending growth matches FTBs and homemovers
The latest market analysis from Alexander Hall has revealed that buy-to-let mortgage lending has grown at an average quarterly rate of 7% over the last year, matching the pace of growth seen across both first-time buyer and home movers, as improving mortgage market conditions continue to support borrowing demand for rental properties. Alexander Hall analysed…
Read More