Shropshire house price growth slows
Shropshire's housing market showed more signs of cooling down in March, as prices grew at their slowest rate in almost two years.
The typical property in the county sold for £202,178 in March, which was the lowest average since November.
It meant prices fell by 0.66 per cent compared with February, and leaves them 2.93 per cent higher than a year ago – the slowest pace of annual growth the county has seen since the 2.57 per cent growth seen in June 2015.
Average prices in Telford & Wrekin also fell on a month-by-month basis, dropping 0.39 per cent to £157,021 between February and March.
The borough's housing cost 6.78 per cent more than the same month a the year previously, which is the strongest rate of annual growth since November 2014.
Powys saw a 1.07 per cent rise in prices in March to £173,114, which was 4.72 per cent up on March 2016.
The national housing market appears to be pointing towards a slowdown, with prices down 0.6 per cent between February and March.
The typical UK property value was £216,000 in March, according to the report released jointly by the Office for National Statistics, the Land Registry and other bodies.
Some experts pointed to signs of a "Brexit-related" slowdown, while others said house prices simply could not continue rising at some of the high levels seen in recent years.
Richard Snook, a senior economist at PwC, said: "These figures are consistent with the Brexit-related slowdown that we anticipated last year and our guidance of two to five per cent growth this year."
The pace of house price growth continued to slow down on an annual basis, with a 4.1 per cent increase in March, following a 5.6 per cent rise in February. This marked the weakest annual growth rate since October 2013.
In England, house prices have increased by 4.4 per cent over the 12 months to March 2017, with the average price in England now at £233,000.
