UK housing market remains resilient according to LSL/Acadata
Latest LSL Property Services/Acadata England & Wales House Price Index – May 2018 headlines ‘New builds bolster London’.
Annual growth rates rise for first time in a year, however transactions down by 6% year-to-date according to HPI report.
The report reveals that the UK housing market remained resilient showing a very slight rise in the annual house price rate in May (from 2.1% to 2.2%) following 11 months of falls, the average house price in England and Wales is recorded at £305,654, up more than £6000 on a year ago.
Oliver Blake, Managing Director of Your Move and Reed Rains estate agents said: “Whilst the market may seem subdued, we should welcome the fact that every region in the UK is still growing and that the London market seems to be shaking off its malaise.”
Read the LSL/Acadata HPI report published 18th June 2018 in full click here.