Despite Brexit fear mongers claiming leaving the European Union would hit house prices, in reality figures show a different picture.
Monthly values edged up 0.3 per cent in June in the East of England, giving the region the highest annual growth at six per cent, according to the Your Move England and Wales index.
In London prices rises fell 0.5 per cent in June, taking annual growth to 3.4 per cent.
In stark contrast to recent years, regions seeing faster annual increases in values include the North West at 3.8 per cent, West Midlands at 4.9 per cent and East Midlands at 4.7 per cent.
However, price growth is lagging in the North East at 1.4 per cent, Wales at two per cent and Yorks and Humber at 2.6 per cent.
The average house price in England and Wales now stands at £301,114, according to Your Move.
Three consecutive months of falls means values are an average £2,358 less than a peak in March.
Oliver Blake, managing director of Your Move and Reeds Rains estate agents, said: “We’ve seen three months of falls, but it’s far too early to panic.
“Mortgage rates are still affordable and the slow down we have seen will already have helped some buyers struggling with affordability.
“We’re still seeing strong growth in the East and in prime London.
“We’re also seeing a return to the North-South divide in terms of price growth.
“In many ways, it feels like we’ve been here before.”
Source : EXPRESS