Land Registry House Price Index returns from furlough to show growth is slowing
20 August 2020
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Property Industry Eye
The latest data from the Land Registry showed annual house price growth slowed from 3.5% in March to 2.6% in April to £234,612 based on sales that would have completed six to eight weeks before.
Prices fell 0.2% on a monthly basis.
In comparison, the Halifax House Price Index for July had annual growth at 3.8% and Nationwide was more cautious at 1.5%.
The Land Registry said it was not possible to give an estimate of sales volumes across the UK due to the market being closed earlier this year but cited HMRC data showing that on a non-seasonally adjusted basis, transactions increased by 1.5% in the year to February 2020.