Property prices up in Wales but transactions slump overall in England and Wales.

The latest LSL Property Services/Acadata England and Wales House Price Index report – April 2018 released 21st May 2018 headlined ‘Prices in Wales surge 4.8% as buyers rush to beat new Land Transaction Tax.’

Prices are down for the third month in a row, and the annual rate of growth has now fallen for almost a year , 11 months in succession.

The report reveals that transactions slump by a quarter in April as weather hits house hunting.

Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents said:
“London remains the exception, rather than the rule, when it comes to the strength of the market in the major cities of England & Wales, which remain strong. The market remains slow, though, when it comes to the number of transactions.”

Read the LSL/Acadata E&W House Price Index report released 21st 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.

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