Tag: Reeds Rains
The group said 81 neighbouring branches will be closed or merged, 40 will be franchised, while 43 will be closed.
The South East saw negative annual growth of -0.1%, while growth stood at 0.6% in the East of England.
The average rent in the East of England – which includes cities such as Cambridge and Norwich – has risen by 6% to £887 per month in the last year.
While the London prices have dropped they rose in every other region, as growth for the rest of England and Wales stood at 2.8%.
The average price at the end of the month in England and Wales was £297,287, up £3,890 at the same time last year.
The region saw a 7.9% increase in house prices to £315,134, outstripping the South East (5.2% to 364,729), West Midlands (4.5% to £207,698) and South West (4.1% to £269,129).
The increase brings the average house price in England and Wales to £295,276.
The East of England has seen the highest annual growth (7%), followed by the South East (6.5%) and South West (5.5%).
Your Move/ Reeds Rains HPI: house prices increase in August.
The letting agents attributed the fall to an improving jobs market, with an extra 44,000 jobs being created in the first quarter of the year.