Slowdown in London extends to South East and North East

Written by Allen Walkey on - Breaking News -

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.

Author: 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.

Share
 

Recent Popular Articles


Housing policies and promises in PM conference speech.


Yesterday at the final day of the Conservative Party conference in Manchester,  David Cameron the Prime Minister was welcomed onto the stage with rapturous applause


#PropTechDen - January 2018 - London


#PropTechDen has grown to be one of the UK’s top events for proptech networking and funding taking place both in London and Manchester throughout the


The national average price rising slightly slower than inflation says Home.co.uk


Home.co.uk today released their Asking Price Index report August 2017 headlined 'The West and North Prosper while London and the South East Weaken'. Home prices


Trading update from Purplebricks


Purplebricks PLC issues a trading update for the 19 week period to 14 September 2016 in advance of its AGM to be held at 10.00am


Nationwide HPI July 2016


The latest Nationwide House Price Index report July 2016 released today headlines 'House price growth steady in July'   House prices increased by 0.5% in