London sees house prices fall in August

According to the UK House Price Index for August 2019, the average property in England is now valued at £251,233 which represents an annual price rise of 1.1%.

Broken down into regions the data indicates that London saw the most significant monthly price fall of 1.3% and largest annual price fall, down by 1.4% which takes the average home in London to £472,753.

Whilst the North East enjoyed the highest monthly price rise up by 3.1% and the greatest annual price rise, up by 3.3%.

The North West & East Midlands also showed a steady monthly growth of 1.3% and 1.8% respectively, even though the North West showed the highest level of repossessions.