Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
UK House Prices Up 1.6% Annually, London Sees Decline
The latest e.surv House Price Index, as reported by Property118, shows that the average house price in Great Britain has reached £327,400, marking a 1.6% increase compared to a year ago.
According to the report, house prices have also risen by 0.2% over the past month and by 0.4% over the last quarter. Yorkshire and the Humber is identified as the strongest-performing region, with average prices up 3.6% year-on-year. In contrast, London has experienced a fall in average house prices.
These regional trends may be of particular interest to letting agents and inventory clerks monitoring market shifts and rental property values across the UK.
Source: Property118