Average prices in England and Wales, excluding London, see low annual growth

Property Wire | May 28, 2019

Average prices in England and Wales, excluding Greater London, fell by 0.3% in the 12 months to April 2019, the lowest level since 2013, according to the latest analysis report. They also fell by 0.8% month on month and 2.4% on a quarterly basis to an average of £253,522, the figures from the London Central Portfolio report show. Sales also fell by 0.3% year on year and were down by 6.5% on a quarterly basis. But there is a different pattern in the new build market with prices up 3.9% year on year to £304,140, representing a 14.9% premium over existing stock. Sales were also up in this sector with an annual rise of 5.3% but they were down 17.3% on a quarterly basis. ‘Average prices have been on a downward trajectory now for seven consecutive months. Where previously England and Wales had not shown the same signs of Brexit jitters as the capital, it appears that this is no longer the case,’ said Naomi Heaton, LCP chief executive officer.

Spotlight

U.S. cities with strong energy industries have experienced increased employment and burgeoning housing demand. This means retail real estate development is on the rise as well. View the infographic below to see how these factors combine, and what markets are seeing the greatest brick-and-mortar growth as a result.

Spotlight

U.S. cities with strong energy industries have experienced increased employment and burgeoning housing demand. This means retail real estate development is on the rise as well. View the infographic below to see how these factors combine, and what markets are seeing the greatest brick-and-mortar growth as a result.

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