You are here: Home - News -

House price slump continues amid slowing market

by: Edward Murray
  • 14/08/2017
  • 0
House price slump continues amid slowing market
Annual house price growth throughout England and Wales continues to slow according to figures from estate agent Your Move.

Your Move’s House Prince Index for July put average property values at £298,906, down 0.2% on the previous month. The annual rate of growth was down to 2.9%, well below the 6.8% rate of annual growth recorded a year ago.

On a monthly basis all regions across England and Wales fell back, except for the East of England, which was flat. The biggest fall was in Greater London, registering a drop of 1.5% in prices from the previous month, while Wales was down by 1%.

But on an annual basis, all regions remain up on last year’s prices. Prices in Wales are only 0.2% ahead of where they were a year ago, while in the East of England they are 5.1% up on the previous year.

Oliver Blake, managing director of Your Move and Reeds Rains estate agents, was upbeat in the face of a slowing market and said: “Annual prices are still rising and regions continue to perform strongly – despite the slowdown in transaction numbers over the summer months.

“While, as a business, we often see this at this time of year, the cause of the dip may also be down to the buy-to-let slowdown as a result of tax changes.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Building Societies Association
Mutual sector lending in Q2 nudges up to £16bn

Building societies saw gross lending nudge up by 1% to £16bn in Q2 compared to the same period last year,...