April saw an overall house price rise of 0.2% in England and Wales, according to the latest report from the Land Registry, the sixth positive move in as many months. County-wise, Brighton and Hove experienced the highest annual house price change at 16.8% while Bath, Bournemouth and Bristol all experienced rises of over 14%; Middlesborough had the greatest fall with a movement of -9.5%.
Overall house price inflation stands at 8.5% annually, putting the average house price at £165,596. All regions experienced increases with London outperforming the others with a 14.8% annual change, followed by the South East and then the South West.
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Regions with the smallest increases were the North West and Yorkshire and Humber.
It’s expected that house prices will continue to be erratic over coming months – changes to stamp duty and capital gains tax will continue to have an effect, as will any fluctuations in interest rates if inflation were to increase.
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