Another index has suggested a small monthly increase in house prices in England and Wales - even though the annual rate of growth for most regions is still just in negative territory.
Richard Sexton, director at e.surv - which commissioned the price research - comments: “House prices in England and Wales saw a slight increase this month, rising by £620 (0.2 per cent) to reach a level last seen in February 2022. This marks only the second time in the past 15 months that prices have grown by more than 0.1 per cent.
“The three areas with an overall positive change in growth rates were the North East, Greater London and the South West. In December, for the fourth month in succession, the North East has the highest rate of price growth of all the 10 areas.