New figures show strong housing market
The housing market in the remains strong in the area, according to new figures from the Land Registry.
It said that the monthly increase for June compared with May was 0.6% in the South East, while the annual increase on 2013 was 7.8%.
That placed the average price of a property at £228,109.
In comparison, some seven out of 10 regions in England and Wales recorded month on month falls in house prices although most did record annual increases.
Nationally, property prices were 6.4% higher compared with a year ago, leaving the average home priced at £172,011.
The biggest month-on-month rise in June was in the West Midlands where prices were up by 1.9%.
Yorkshire and the Humber suffered the largest fall, down 1.3%.
For year-on-year comparisons, the biggest rise was in London where prices shot up 16.4%.
North East of England had the slowest increase, at 0.8%.
The slowdown comes as we entered the summer holiday season after the traditional ‘spring bounce’ when the market picks up after the winter.
The figures for the south east show that prices are stabilising as the market remains strong.
With uncertainty over the timing of interest rate rises, some fluctuations are still expected over the coming months.
Our expert and friendly team are always on hand with advice about surveys or architecture, design and project management for homeowners.
Call us on 02392 697193 or email [email protected] for a informal conversation or visit the services section of our website.
Visit http://tinyurl.com/l766h3e for the full statistics.
The housing market in the remains strong in the area, according to new figures from the Land Registry. It said…