GB house prices are still rising, but slowly. Average prices are £327,800, up 1.7% year on year, with prices rising 0.2% over the month and 0.3% over the quarter.
Regional growth is being led by more affordable markets, while London lags. Scotland is up 4.4%, the North West 3.7% and Yorkshire and the Humber 3.2%, while London is the only region in negative territory, down 3.6% year on year.
London’s weakness is not evenly spread. Analysis shows a clear split between inner and outer London, with inner boroughs and flat-heavy markets explaining much of the drag on the capital’s headline figure.