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Monday, January 16, 2017

LSL sees strong December housing market

The LSL House Price Index reports seeing a strong December market, with average house price gains of  0.4%. The Index's average house price is now just £47 off its all time peak ( from March 2016, prior to the 3% Stamp Duty surcharge )
  • England and Wales house prices are up £1.139 to £297,678
  • Annual price growth now 3.1%
  • Average prices up 0.4% in December to end just £47 shy of all-time high 
  • Hull is top-performing unitary authority with annual price growth at 16.2% 
  • The East is the top performing region, annual price growth of 7.9% 
  • Hammersmith and Fulham sees the biggest fall, down 11.5% during 2016

Oliver Blake, a director at LSL Property Services plc says, 

“It’s been a strong finish to an uncertain year. Despite the doubts over Brexit, prices have continued to grow, powered by good-value commuter properties.
As the lower transaction figures since April show, the market faces challenges ahead, but it enters 2017 a lot stronger than many would have expected.”

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