House prices continue to rise across the United Kingdom with prices in England rising by 3.0% in the last twelve months ending September 2018, taking the average property value to £249,408.
In Herefordshire we have seen a higher than average increase in properly value with an increase of 5.4% in the last twelve months. The average price of a house in Herefordshire is now £241,396 compared to £229,028 in September 2017.
In England house prices grew by 3.0% in the year to September, up from 2.8% in the year to August 2018. England house prices were growing slower than the UK annual rate of 3.5% in the year to September 2018. The West Midlands was the fastest growing region with an annual growth of 6.1%, up from 4.4% in the previous month. London was the slowest growing region, falling by 0.3% in the year to September 2018. The house price for London has been falling over the year since March 2018.
On a non-seasonally adjusted basis, average house prices in England were unchanged (0%) between August 2018 and September 2018, compared with a fall of 0.2% during the same period a year earlier. On a seasonally adjusted basis, average house prices in England increased by 0.5% between August 2018 and September 2018.
