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.