Annual house price index slows in July

John Hewitt Jones

August 11, 2016

Annual house price growth slowed to 5.5% in July, according to the monthly house price index published by Your Move and Reeds Rain.

The survey suggests transactions are down 20% over the quarter, compared to Q2 of 2015.

Figures indicates the east of England is the highest performing region, with the annual change in average house price for the three months at 9.3%, up from 9.1% last month.

Adrian Gill, director of Your Move and Reeds Rains estate agents, said: “Brexit may well have an impact on the housing market, but it’s not showing yet. Even when it does, there will be positive as well as negative influences on the market, which clearly has some strong long-term drivers for continued house price inflation.”

The April change in stamp duty may account for much of the change, according to the data.

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