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
UK First Time Buyers better off than many other global nations
Is it really that bad being a first-time buyer? UK better off than many other global nations when it comes to affordability The latest market analysis from Yopa, the full-service estate agents, reveals that first-time buyers (FTBs) in the UK may be paying 63% more to get a foot on the property ladder than they…
Read More 
Building Safety Regulator Reform
The Government has announced reforms to the Building Safety Regulator, including leadership, process and investment. The changes are hoped to deliver 1.5 million homes. The reforms pave the way for creation of a single construction safety regulator, as recommended by the Grenfell Tower enquiry. David Smith, property litigation partner at London law firm Spector Constant…
Read More 
New anti-money laundering rules now in effect: what landlords need to know
New anti-money laundering (AML) rules came into effect this month, marking a significant change for landlords and the lettings industry as a whole. The new rules mean financial sanctions checks are now required for all lettings, regardless of how much rent is charged. Here, Steve Bond, managing director of residential lettings for Beresfords, explains what…
Read More 
What landlords need to know about the upcoming Renters Rights Bill
The government’s long-awaited Renters Rights Bill is one of the most significant overhauls of the private rental sector in decades. While it has not yet received royal assent, the legislation is expected to come into effect late this year, or early in 2026. With the bill moving closer to becoming law, Steven Bond, managing director…
Read More 
Mortgage approvals bounce back in May
The latest figures show that: – Mortgage approvals on house purchases for May sat at 63,032 up 3.9% from 60,656 in April. The monthly increase seen in May marks the end of four months of previous decline, with approval levels having fallen each month since January of this year. Approvals are also 2.5% higher than…
Read More 
Money and Credit – May 2025
Key points: Net borrowing of mortgage debt by individuals increased by £2.8 billion to £2.1 billion in May, following a large decrease in net borrowing of £13.8 billion to -£0.8 billion in April. Net mortgage approvals for house purchases increased by 2,400 to 63,000 in May. Approvals for remortgaging also increased by 6,200 to 41,500…
Read More