The land registry has released property price information for the month
of April. I have been looking forward to these figures because they are
the first that tracks the effect on the market of the 3% increase in
SDLT.
Across the UK the average price rise was 8.2% on the year and up 0.6%
on the month to an average of £209,054.
However there are signs of cooling in the market with mortgage applications
fell by 6% in April and RICS members says demand has contracted for the
first time in a year in April.
Prices in the South East rose by 0.3% to an average £301,689. Annually that’s, 12.3%. And in London they rose by 0.6% on the month to £470,025 average, 14.5% annual.
In Hillingdon property prices were up by 0.11% to an average of
£395,562 (up £448 on the month).
