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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.

Allen Walkey

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.

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