House price growth slows to 0.9%

Ryan Bembridge

October 19, 2018

Annual house price growth slowed to a six and a half year low of 0.9% in September, LSL Property Services’ House Price Index has found.

The South East saw negative annual growth of -0.1%, while growth stood at 0.6% in the East of England.

Greater London saw the highest annual growth at 3.9%, followed by the West Midlands at 2.9% and the East Midlands at 2.3%.

Oliver Blake, managing director of Your Move and Reeds Rains estate agents, said: “The Chancellor will face a difficult balancing act for housing when he comes to do his Budget at the end of this month.

“He’ll probably be keen to tackle the continuing problems with affordability whilst addressing ways to stimulate the market.”

There were around 72,500 sales in September, 16% fewer than in August.

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