House prices flat in September

Earlier this week LSL Property Services/Acadata released their House Price Index (HPI) for England and Wales headlined ‘Moving Towards a Normal’.

 
House prices edged up by the narrowest of margins in September, with the average price rising £120 over the month to £292,763. Prices in England and Wales are now 3.5% up on last year, with the average house worth £9,896 more than in September 2015.

Adrian Gill, director of Your Move and Reeds Rains estate agents, says:
“We’re seeing a two speed market become firmly established as cheaper parts of the capital and the regions record big price increases driven by demand for affordable homes, while prime London property stalls.

“At the same time transaction levels are showing how much the market has changed, with the number of properties now held by private landlords changing market dynamics.

“This all creates big challenges for government housing policies, which are going to have to be flexible enough to allow regions to make use of the solutions that work best for their different needs”

Read in full Property Services/Acadata HPI October 2016 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

Breaking News

Weekly News Roundup – 12/04/24

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X Table of Contents The Property Franchise Group partners with Coadjute Leasecake receives $10M to further serve real estate and location management operations for multi-unit operators Gravity Co launches 6th property in Notting Hill, London   The Property Franchise Group partners…
Read More
Breaking News

Breaking Property News – 11/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   The Property Franchise Group (TPFG) partners up with Coadjute Network I know, yet another piece about one of my clients, but again it is big news and speaking personally great news, as estate agency is still unfortunately until now in the foothills with how…
Read More
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Tracker

Headlines The average 5-year fixed mortgage rate is now 4.84%, up from 4.49% a year ago The average 2-year fixed mortgage rate is now 5.22%, up from 4.82% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.79%, up from 4.50% a year ago The average 60% LTV 5-year fixed mortgage…
Read More
Breaking News

Breaking Property News – 10/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Leasecake receives $10M to further serve real estate and location management operations for multi-unit operators Leasecake, a pioneer in lease and location management solutions tailored for multi-unit operators, today announced the closure of a $10 million Series A extension round. This significant infusion of…
Read More
Estate Agent Talk

Sustainable Home Energy: 3 Options for Greener Living

In today’s world, where environmental concerns are at the forefront of global discussions, the concept of sustainable living has gained significant traction. One of the key areas where individuals can make a tangible difference is in their homes, particularly by transitioning to sustainable energy sources. In this article, we explore three primary options for greener…
Read More
Breaking News

Breaking Property News – 09/04/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Gravity Co launches 6th property in Notting Hill, London London, Tuesday 9th April 2024 – Gravity Co, the London based leader in co-living and PRS brands dedicated to fostering community, flexibility, wellbeing and professional growth is thrilled to announce the launch of its 6th property in…
Read More