Price growth in England and Wales up 0.1% in August

houses-in-bristol-england-001Price growth in England and Wales has increased due to the affordable property availability, wherein the London market has slowed. According to the LSL property services report, overall house prices continued to grow in August but at a slower rate month on month with prices up 0.1% compared to July, taking the average over £292,900. The sales activity is recovering from fall following the stamp duty charge explains the big increase in March as people rushed to beat the rise and a sharp crash in April, prices have settled which will continue to grow slowly.

Adrian Gill, director of Your Move and Reeds Rains estate agents, says: “There is demand for affordable property, to maintain this momentum, it will be necessary for the government to provide continued support to consumers, house builders and the property industry as a whole and ultimately ensure that there are enough houses and finance available to help people to reach home ownership.”

Leave a reply

Your email address will not be published.

Back to home page