Modest house price growth in London for first time since January according to LSL.
Latest LSL Property Services/Acadata England & Wales House Price Index – June 2018 released July 2018 headlines ‘Average house price in England & Wales in June stood at £303,960’.
The report reveals that average prices in England and Wales were slightly down in June, falling by 0.2% from May, although this is a smaller decline than March or April. Prices are up 2.1% on an annual basis, rising from 1.8% in May.
Prices in London are bucking the national trend on both a monthly basis, where they were up 0.2% in June, and annually, where growth rose to 2.8% according to the report from LSL.
Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents said:“Two key factors could give rise to cautious optimism this month. The overall month on month decline has slowed to its lowest since February and in London there was modest house price growth for the first time since January.”
Read the LSL Property Services/Acadata England and Wales HPI report – June 2018 published 16th July 2018 in full click here.