Asking prices rose by 0.4% across England and Wales over the last month, despite election uncertainty. Growth in the mix-adjusted average is being driven by price rises in the regions. As London prices slide, it is the North and South West and the Midlands that are thriving and supporting the national average figure, according to home.co.uk.

Significant price growth, over and above the rate of monetary inflation, is evident in only four English regions however, and not in Scotland or Wales. The firm reports: ‘The trend towards improved market conditions in the North continues, with considerable improvement in property marketing times. There, increased demand coupled with limited supply has pushed up prices significantly since last month. The North West is leading the charge with annualised growth of 3.7%, followed by Yorkshire (2.9%). The North East has yet to indicate significant year-on-year growth but marketing times are back down to 2008 levels and recovery looks set to follow.

‘The East of England continues to head the regional league table for price growth, followed by the East Midlands, the South West and the West Midlands. All show price growth over and above the rate of inflation and, with the exception of the East, marketing times are either the same or lower for all these regions compared to June 2016.’