Average house prices in the UK rose by 6.9 per cent in the year to October 2016 (down from 7.0 per cent in the year to September 2016). The average UK house price was £217,000 in October 2016 and the annual price change of a property in England was 7.4 per cent.

Stephen Wilson, Managing Director of Stirling Ackroyd said, “House prices in London are beginning to cool as we head into winter, with Stamp Duty continuing to freeze up the top end of the market while those lower down the chain are feeling the chill from our frosty relationship with Europe. The Capital’s house values have slowed to the pace of the rest of England, as demand for homes in commuter towns in the East and South East are pushing up property prices in these regions.”