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Monday, December 12, 2016

House price growth slows again - LSL

Novembers 2016 House Price Index from LSL Property Services for England and Wales has -

  • Prices up 0.1% in November
  • London has the lowest annual house price growth in the country 
  • Value areas experience strongest growth 
  • Annual growth now at 3.1%
  • Average house prices up £380 over the month to £295,276
Transaction levels show a slight improvement on established low levels, with an estimated 77,500 sales in November.

Your Move and Reeds Rains director, Adrian Gill  says,

“House price growth has slowed again, but in London, as elsewhere, there’s still appetite to continue driving up prices where buyers see value.

For all the talk of Brexit uncertainty, the main factor driving up prices in the housing market is still supply and demand. That imbalance remains even after the Government announcements in the Autumn statement.”

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