Asking price growth falls back in parts of England

Asking prices in England and Wales fell by 0.6% in the 12 months to June 2019 to £308,409, while in Scotland the market is stronger with an annual rise of 1.4% to £187,746, the latest index shows. The data from Home.co.uk also shows that month on month prices in England and Wales increased by 0.3% and in Scotland by 0.7% but overall the market is trending downward. In London the annual price fall is even greater at 2.6% to an average of £517,011 and month on month they fell by 0.3%. In the South East prices fell by 2.4% year on year to £395,171 and were unchanged month on month. Prices also fell in South West, down by 1.5% on an annual basis but were up 0.5% on a monthly basis to £323,852 and by 3.6% in the East of England year on year to £351,672 and unchanged month on month. It appears that it is the southern half of England and London that are dragging down the national average as prices in Wales were up by 5% year on year to £210,391 and increased by 0.6% month on month. The West Midlands also saw a strong annual rise of 4% to £255,087 and prices were up 0.9% month on month.