Average house price in England and Wales in June stood at £303,960
- House price growth in London
- All regions saw annual house price growth in June, led by the North East, up 3.7%
- West Midlands topped the conurbation table at 5.4% growth
- Residential property transactions down by 8% year-to-date to June 2018
Average house prices in England and Wales were slightly down in June, falling by 0.2% from May, although this is a smaller decline than March or April. On an annual basis, however, prices edged up, bringing to an end a slowdown in annual price growth that began in the middle of last year.
House prices are up 2.1% on an annual basis, rising from 1.8% in May. That makes the average house in England and Wales in June worth £303,960 – up more than £6,000 on last June.
Annual price growth in the capital has started to accelerate over the last month and without London and the South East, growth would have been a little lower – just 2.0%.
While Greater London is the only region to have seen growth accelerate, it is far from being the strongest performer, with both the North East and West Midlands growing more strongly. Furthermore, all regions continue to record annual growth.
Data source: LSL Property Services