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Property market slowing across Britain, latest monthly report suggests

November 27, 2018 / LCP

It is well recorded that the property market has been slowing in London, but the latest analysis report suggests that the market in England and Wales is not faring much better than the capital. There was nominal price growth of just 0.1% in the month of October and growth of 2.7% on an annual basis, taking the average price to £264,987, according to the latest monthly report from LCP. It also points out that transaction levels throughout England and Wales have also fallen by 0.7% across the year and are now at 806,403. New build prices stand at £292,985 representing a 14.9% premium over existing stock while sales in this sector have increased annually by 5.1%