House price growth rebounds after an eight month lull, claim

11/19/2018

House prices have grown on a monthly basis for the first time in eight months, Your Move claims today.

Analysis by the agency shows average prices grew 0.4% between September and October to £304,433, the first monthly rise since February when values also rose by the same rate.

Annual growth did however fall for the second month in a row to 1%.

Most regions registered annual growth, except the south-east and north-east of England which were down 0.1% and 0.2% respectively.

The midlands tops the annual growth tables with both the east and west up, 2.8% and 3.1% respectively.

Estimated sales for last month were 6% down on October last year, but the agent said transactions were 2% higher than October 2016.

Oliver Blake, managing director of Your Move, said: "Whilst price growth has slowed considerably in England and Wales, the fact that there is a relatively strong economic backdrop, and there have been three consecutive months of growth, means it's not all doom and gloom."