London market seems to be shaking off its malaise

July 3, 2018

The latest England and Wales monthly LSL Acadata House Price Index report – May 2018 headlines ‘New Builds Bolster London’.

The report reveals that the UK housing market remained resilient showing a very slight rise in the annual house price rate in May (from 2.1% to 2.2%) following 11 months of falls.

The average house price in England and Wales is recorded at £305,654, up more than £6,000 on a year ago, when prices remained below the symbolic £300,000 mark.

Transactions are down on the levels of last year, however, by 6% in the first five months compared to 2017.

Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents said:
“Whilst the market may seem subdued, we should welcome the fact that every region in the UK is still growing and that the London market seems to be shaking off its malaise.”

Read the latest England and Wales monthly LSL Acadata House Price Index report – May 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

Estate Agent Talk

How homeowners can save big by going green

Homeowners could cut up to £2,000 a year from their energy bills this Energy Savers Week (19th-25th Jan), by combining targeted home improvements with simple efficiency changes and, in doing so, they could improve their mortgage affordability by qualifying for a green mortgage – further boosting the savings on offer from taking a greener approach…
Read More →
Rightmove logo
Breaking News

Largest ever January price jump, as market sentiment rebounds after the Budget

The average price of homes coming to the market for sale rises in January to £368,031, a 2.8% increase from December (+£9,893). This is the largest ever price increase seen in the month of January, and the largest of any month since June 2015: National average property prices are now 0.5% ahead of this time…
Read More →
Breaking News

Office space back in favour as return to workplace drives commercial demand

The latest research by BPS London has revealed that office space is currently the most in-demand commercial property asset across England, as the continued return to a physical workplace sees offices fall back in favour with British businesses. BPS London analysed investor demand across the commercial property market, assessing the proportion of available opportunities within…
Read More →
Breaking News

Breaking Property News 14/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Latest Weil European Distress Index (WEDI) points to a materially more fragile outlook  Europe’s corporate distress picture appeared to stabilise on the surface in Q4 2025, but the latest Weil European Distress Index (WEDI) points to a materially more fragile outlook moving into 2026.…
Read More →
Breaking News

Breaking Property News 15/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Pan-European €400m micro-living portfolio to be managed and digitised by Reos  Prop.com, a leading real estate investment manager focused on unlocking value for investors through digital technology, has launched a strategic partnership with property management and digitalisation specialist Reos GmbH to develop one of…
Read More →
Breaking News

South East sees most sellers relisting

New research from Property DriveBuy reveals that sellers who are re-entering the market are reducing their asking price by an average of £5,300 to try and snag a buyer, but in London this reduction climbs as high as £27,000, while the South East is the region where most sellers are relisting this year having failed…
Read More →