Transactions in 2018 at their lowest in 5 years according to LSL Property Services/Acadata HPI report
Latest LSL Property Services/Acadata England and Wales House Price Index report – August 2018 released September 2018 reveals that house price growth remains at 1.8% for third consecutive month.
The average home in England and Wales is now worth £303,199, up £5300 on the previous year according to the HPI report.
The report reveals that transactions in 2018 are at their lowest in 5 years.
Oliver Blake,Managing Director of Your Move and Reed Rains estate agents said:
“The slower market should ease the affordability challenge faced by many buyers. Even in London, where an average increase was recorded over the month, homes in most boroughs are significantly cheaper in real terms than they were this time last year.”
Read the LSL Property Services/Acadata HPI report August 2018 in full click here.