Slowdown in London extends to South East and North East
The latest LSL/Acadata E&W House Price Index – January 2018 – released 12th February headlined ‘HOUSE PRICES EDGE UP IN JANUARY.’
House prices in England and Wales increased by 0.2% in January, the average house price is now £301,477, according to the latest index.
The House Price Index report reveals falls were recorded in London in January, the South East and the North East, however three quarters of authorities still see annual increases.
Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents. said:
“The slowdown in London can now also be seen in the South East and North East. Time will tell if the rest of England and Wales remains resilient, but the increase in January will be seen by many as positive news and an indication of continued demand, And, with the focus on supporting those entering the property market – including the abolishment of stamp duty for first time buyers – we may see more movement in the market which should bring benefits for all.”
Read the latest LSL/Acadata E&W House Price Index – January 2018 in full click here.