2018 House Price Growth: 7-Year Low | e.surv Surveyors

House Price Index (England and Wales), Market Insight //

Biding its time

House price growth remains at 1.8% for third consecutive month. Transactions in 2018 at their lowest in five years. Every region and 79 of the 108 unitary authority areas still record annual price rises.

Biding its time

  • Annual change in house price growth lowest for seven years
  • The Eats of England records negative growth for first time since March 2012

House prices largely continue to flatline, and the rate of annual growth has fallen consistently since August. It now stands at just 0.9%, well below the rate of inflation, and the lowest since April 2012. It leaves the average price in England and Wales at £305,522, up £2,724 on the same time last year.

Despite weak price growth, transaction levels rose slightly in November, up 2.5% on a seasonally adjusted basis. With an estimated 82,500 sales, they are at their highest for the month in three years.

Click here to read the House Price Index – November 2018 (England and Wales)

Data source: LSL Property Services