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House prices in Cambridge are still falling but prices are rising in other parts of the county

House prices in Cambridgeshire are still falling.

Prices in Cambridge fell by 1.2% in the year to September, although this was an improvement from a 2.4% drop in the year to August.

Average house prices in the area are now £442,610, down from £447,954 in September 2017.

House prices are also falling in South Cambridgeshire, where they were down by 1.8% in the year to September to an average of £366,019.

But prices are still rising in East Cambridgeshire, up 1.7%, Fenland, up 3.6% and in Huntingdonshire, up 9%. Average house prices in the UK increased by 3.5% in the year to September 2018, up from 3.1% in August 2018, according to figures released this week by the Office for National Statistics.

However, over the past two years, there has been a slowdown in UK house price growth, driven mainly by a slowdown in the south and east
of England.

The average UK house price was £233,000 in September 2018. This is £8,000 higher than in September 2017.

House prices in England grew more slowly than other countries of the UK, increasing by 3% in the year to September 2018, up slightly from
2.8% in the year to August 2018, with the average price in England now £249,000.

House prices in Wales increased by 5.8% over the last 12 months to reach £162,000. In Scotland, the average price increased by 5.8% over
the year to stand at £153,000.

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Money saving tips

The average house price in Northern Ireland currently stands at £135,000, an increase of 4.8% over the year to Quarter 3 (July to
Sept) 2018.

At a English regional level, the West Midlands showed the highest annual growth, with prices increasing by 6.1% in the year to September
2018. This was followed by the East Midlands (6.0%).

The English regions with the slowest annual growth were all in the south and east of the country, with the lowest being in London, where
prices fell by 0.3% over the year, up from a fall of 0.6% in the year to August 2018.

London house prices have fallen over the year each month since March 2018.

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