The latest analysis and data from Your Move has revealed that, despite uncertainty surrounding the General Election, the average price of a home in England and Wales reached a new high in May , with a rise of 0.3% to £303,200.
- According to the report, the value of the average home has now increased £13,934, or 4.8%, in the last 12 months.
- The data shows that activity also remained relatively strong, with transactions slightly lower than usual for the season but still up 6% on April, with an estimated 62,500 sales.
- Transactions in the North East (up 10%), North West (6%), Yorks & Humberside (7%), East Midlands (4%), West Midlands (6%) and Wales (13%) are all higher in the three months to the end of April 2017 than the same period in 2015.
- Conversely, transactions in high-priced areas such as Greater London and the South East are down by 19% and 7% respectively.
- West Midlands remains the region with the highest growth in prices, but Liverpool has been named the ‘city to watch’.
- The North West set a new peak in April, largely as a result of strong growth in Merseyside where prices are up 6.2% in the last year.