A balanced market this year says Your Move
The latest Your Move House Price Index report August 2017 released today headlines ‘House price growth continues as regions redress the balance’.
House price growth fell marginally in August (0.2%), which left the average England and Wales house price at £297,398.
All regions in England & Wales continue to record annual growth, London has lowest rate of regional house price growth at 0.7%.
In terms of transactions, there were an estimated 80,500 sales completed – an increase of 5% compared to July’s total, and up 6% on a seasonally adjusted basis.
Oliver Blake, managing director of Your Move and Reeds Rains estate agents, said: “We’re seeing a balanced market this year. Regions like the East of England are closing the gap on the traditionally stronger performers like the South East as first time buyers drive growth in search of more affordable housing.”
“The rise in transactions in August and strong regional performance highlights a monthly slowdown of prices in the capital. However, on an annual basis, London’s boroughs, particularly those in the south east, are continuing to show steady growth.”
Read the Your Move House Price Index report August 2017 in full click here.