Housing Transactions Central Housing Group

Housing transactions lowest for five years

Housing transactions are at their lowest for five years.

A new report out this morning says that last month an estimated 79,900 housing transactions completed, down 4% on the same month last year, and the lowest since 2013.

The LSL/Acadata index puts the average house price at £303,199, up just 0.1% on July but putting to an end a series of falls since March.

The average annual rate of house price growth is 1.8%, which the report says means actual falls as it is lower than 2.3% inflation. The report describes the housing market as flat.

Prices have fallen in 21 out of 33 London boroughs this year, but in the midlands and north-east house prices grew as they did in certain pockets of the market.

In the south-west, Bournemouth house prices rose 6.4% annually in August; in west Berkshire, there was a 12.7% annual rise; and in Monmouthshire, prices soared 14% annually.

The biggest faller was Westminster, where housing transactions prices have gone down almost 12% year on year.

Blog Post from Property Industry Eye

See details of our Guaranteed Rent Scheme here

If you have any comments, please email the author of this article and click on the link above

Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages



Registered Office: Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire, EN4 9HN | Registered in England and Wales | Registered Company No. 3961047 | VAT Registration No. 752 6015 48