Country houses for sale

Market Shows No Signs of Slowing

House prices continued to strengthen in May, according to data from the Department for Communities and Local Government (DCLG). The new figures contain little evidence of a fading market, quashing property economists’ predictions.

House prices increased by 1% in May – the fourth month in the last five to have witnessed growth of 1% or more. The result is a far cry from last May, when house prices rose by a modest 0.5%.

Scotland, the South West, South East and West Midlands led the market according to DCLG, with annual house price growth in London remaining unchanged at 7.1%. Yorkshire, Humberside and Wales were the only areas to experience a dip in prices.