On average, house prices fell by 0.2% in October when compared to September, despite growing by 2.7% on an annual basis, taking the average price of a property in the UK to £231,095, new research has found.
Data published by the Land Registry revealed that, in England alone, house prices have fallen by 0.2% since September 2018. The annual price rise of 2.4% takes the average property value to £247,914.
During October, there were only two regions in England that experienced a growth in house prices when compared to September – the North West (1.2%) and Yorkshire and the Humber (1%).
However, the North East saw average prices drop by just under 2% in the month, followed by the South West where prices fell by 1.2%.
Wales had a similar experience in October, with house prices falling by 3% since September. Despite this, an annual price rise of 3.8% takes the average property value to £160,874.
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In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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