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House Prices June 2015

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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

House prices - London

- 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.

UK house prices June 2015

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Nick has more than 20 years’ experience within the property research arena.

Nick Barnes

Nick Barnes

St Magnus House

020 3040 8406