Average house prices in England and Wales see biggest rise for five months
The latest monthly index from the LSL Property Services/Acadata shows average house prices in England and Wales increased by 0.5% in January, the biggest rise in five months, with several places reaching new peak average prices, the latest index shows.
The North West has the highest annual price growth at 4.6% and the East Midlands, the South West and Wales also recorded new peak average prices with growth of 2.5%, 4.1% and 3% respectively.
However, overall annual price growth continued to slow, slipping to 0.6% from 0.7% in January 2018, the LSL Property Services/Acadata monthly index shows. And the South East and London are weighing on the market. If they are excluded annual price growth reached 2.5%.