House prices in England and Wales are growing at their lowest rate since July 2006, according to the Land Registry.
The lastest Land Registry House Price Index shows the average house price in England and Wales grew by 0.1 % in July, bringing the average house price to £181,460. The Capital saw the biggest price rises, with the average property price in London growing by 1% to £342,936. On an annual basis, house prices grew by 8.8% across England and Wales, and London saw prices increase by 10.5%. Commenting on the latest figures, David Stubbs, chief economist at the Royal Institute for Chartered Surveyors, says: "The housing slowdown continues to accelerate as homeowners and prospective buyers deal w...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
