Sales stock soars and prices crumble in London and the South East

The value of homes increased in every English region except for Greater London and the South East during April, according to Home.co.uk’s latest Asking Prices Index.

Surplus stock in the capital and the South East is creating strong downward price pressure, Home.co.uk found.

Asking prices are also up in Scotland and Wales, helping prices rise nationally by 0.4%.