New data from Lloyds Bank shows that capital appreciation has slumped – indeed, fallen – in much of the south of England.
However, it is still in positive territory outside of England.
Northern Ireland continues to record the strongest annual growth, with prices up +6.9% year-on-year.
While that’s a slower pace than seen recently, the average property value now stands at an all-time high of £231,245.
Scotland also continues to see solid growth, with prices rising +3.5% over the past year to an average of £223,437.
In Wales, annual growth stands at +0.6%, taking the typical property value to £230,282.
Within England, growth remains strongest in northern regions.
The North East recorded annual growth of +2.7%, taking the average property price to £184,370, while the North West saw prices rise +2.0% to £248,675.
By contrast, price growth remains under pressure across much of southern England, reflecting the greater affordability challenge caused by higher average prices.
The South East saw the largest decline, with prices down -1.6% year-on-year to £381,729, followed by Greater London, where prices fell -1.5% to £534,177.
The South West and Eastern England both recorded annual declines of -1.2%, with average prices of £298,807 and £331,410 respectively.
This article is taken from Landlord Today