The expected post-Election pick-up in house price growth has yet to materialise. This is surprising given the shortage of available properties to buy and the strength of buyer appetite.Nick Barnes
- Land Registry data reveal the rate of annual house price growth in the capital has been trending downwards since August last year although it remains robust (+10.9% in April) and still way ahead of the rest of the country.
- Newham (+17.2%) remains the borough with the fastest rising house prices on an annual measure with Lewisham (+16.4%) and Enfield (+16.3%) moving up to second and third place respectively. Annualised price growth continues to slow in the prime central areas of Westminster (+6.4%) and Kensington & Chelsea (+4.4%).
House Prices - National & Regional
- Price growth at national level also continues to slow (+5.1% in the year to April 2015) according to the Land Registry.
- The South East retains its pole position as the region with the fastest rising annual house prices but growth has slowed to 8.8% compared to 10.1% in the previous month.