Annual house price growth slowed in southern regions in September
The latest LSL/Acadata England and Wales House Price Index report September 2017 released 16th October headlines ‘Growth in house prices slows yet remains positive in many areas.’
The report reveals annual house price growth slowed in September 2017, values reduced slightly (by 0.1%) over the month, annual growth continues to be positive at 1.3%.
Transactions at 63,000 were 20% lower in September compared to same month last year according to the report.
They state: The traditional North-South divide has been upended. Most recently, price growth has slowed in southern regions, while the North proves more resilient. Outside of London and the South East, annual price growth continues to be 3.3% and in Wales the market is strengthening, with transactions holding steady.
Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents, said: “Despite slowing price growth, particularly in the southern regions, the North continues to report positive results. The future, however, will rely heavily on stock availability, and with housing clearly on the political agenda, what government support may be offered to those looking to buy and who will ultimately influence market activity.”
Read the LSL/Acadata England and Wales House Price Index report September 2017 in full click here.