The latest Lloyds House Price Index – formerly known as the Halifax index – has revealed how relatively poorly the housing market is performing in the south of England.
The breakdown of data shows that Northern Ireland continues to record the strongest annual house price growth in the UK. Average prices are up +7.4% over the past year to £229,000.
Scotland has the next highest annual growth, now at +3.9%, with an average price of £223,277.
In Wales, property price growth has strengthened again to +0.9% on annual basis, taking the typical home value to £231,142.
In England, stronger price growth remains concentrated in northern regions.
The North East saw prices rise +2.8% over the year to £181,133, while the North West recorded annual growth of +2.4%, with the average property now costing £248,218.
By contrast, southern markets continue to see prices fall.
The South East led declines, with prices down -2.0% year‑on‑year to £381,654, while London saw average values fall by -1.1% to £534,831.
This article is taken from Landlord Today