Houses prices grow at fastest pace for a year in February according to Your Move

March 13, 2017

The Your Move latest England & Wales House Price Index for February 2017 released today  headlines ‘Highest house price growth for a year with Birmingham and Merseyside experiencing new peak’.

The report states: Prices grew at their fastest pace for 12 months in February, at 0.6% monthly, but annual house price inflation fell for 12th consecutive month to 2.4%, lowest rate since 2013.

The average house price in England & Wales in February 2017 is £297,832, with both Merseyside and Birmingham experiencing peak prices, the East of England is overall top performing region with prices up 5.9%.

Oliver Blake, Managing Director of Your Move and Reeds Rains estate agents said: ‘Its an encouraging start to 2017. We’ve seen the strongest house price growth in a year, the emergence of the promised Northern Powerhouse and the first tentative signs of a recovery in our highest priced properties in London.

“The good news too is that the number of first time buyers grew last year and house building was up – although home ownership is now at its lowest level in over three decades”.

Information source Your Move and lslps.co.uk

 

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.

You May Also Enjoy

Letting Agent Talk

What Leaseholder Reform Really Means for Managing Agents

By Robert Poole, Director – Block Management, Glide Property Management, part of LRG The past decade has seen a growing focus on leaseholder rights, and in the last few years, that focus has intensified into full-scale reform. With the Leasehold and Freehold Reform Act 2024 now enacted and further measures under consultation, managing agents are…
Read More →
Breaking News

Mortgage approvals bounce back in September

The property industry’s reaction to the latest mortgage approval data from the Bank of England. The latest figures show that: – Mortgage approvals on house purchases for September sat at 65,944 up (+1.5%) from 64,963 in August. Approvals are up slightly (+0.5%) when compared to the 65,628 seen in September 2024. This increase shows stability…
Read More →
Estate Agent Talk

E-E-A-T and Beyond: What Google Really Wants From Your Website Content

When it comes to ranking in Google search, content quality isn’t just about good writing or clever keywords anymore. Google’s algorithms have become far more sophisticated, prioritising expertise, experience, authority and trustworthiness, a concept now commonly referred to as E-E-A-T. Understanding and implementing E-E-A-T is essential for anyone who wants their website to perform well…
Read More →
Letting Agent Talk

Added value for tenants: Simple improvements that can justify higher rent

By Allison Thompson, National Lettings Managing Director, Romans Although the rent you charge must be in line with local market rates, there will be a range of prices, and you want to be at the top end. Modern fittings and clean, fresh décor are a standard ‘must’, but what are the extra things you can…
Read More →
Breaking News

Breaking Property News 29/10/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   New joint venture to deliver purpose built housing for 1,500 students Valpre Capital and Katch Investment Group launch JV Platform delivering more student accommodation across the UK, the joint venture is set to deliver up to 1,500 student beds in the next few years Following…
Read More →
Breaking News

Homes on spooky street names like ‘bat’ and ‘hell’ sell for far above the national average

The Halloween street names that cost a fortune to live on A new study has determined which Halloween-themed streets are the most expensive to live on.  Streets with the word ‘bat’ in the name face an increase of 188.6% from the national average house price in the UK.  Streets that include the words ‘cauldron’ or…
Read More →