House prices edge up despite South East slump

Property values in Britain increased 1.3% in the year to August 2019, the Office for National Statistics reported Wednesday, despite the continued uncertainty surround the UK’s departure from the European Union. The average UK house price was £235,000, up £3,000 on a year earlier. London saw prices slide 1.4% annually, closely followed by the South East where they fell 0.6%, although the areas remain the most expensive in the country to purchase a property, at an average of £473,000 and £326,000 respectively. Growth was strongest in Wales, increasing 4.5% to an average of £168,000; in Scotland they grew 1.6% to £155,000, in Northern Ireland by 3.5% to £137,000, and 1.1% in England, to £168,000.

Daily Mail (16/10/2019)   City AM (16/10/2019)