E&W House Prices June 2019
Spring through early summer are peak home buying months and we would expect significant activity in terms of transactions and to some degree in prices. However, in June the annual rate of house price growth for England & Wales rose by just +0.1% including London and the South East, or by +0.8% excluding these two areas. We know the over-active London market has been hit hard by stamp duty changes in recent times, and indeed it is now two years that the annual rate of house price growth has been higher when London and the South East are excluded. This does give some sense of how London’s fortunes have been impacting on the index overall.