- Prior -0.4%; revised to -0.3%
The average property price in the UK is just marginally lower in June (£296,665) as compared to May (£296,782). Overall, house price growth remains flattish on the month and up 2.5% compared to June last year. Halifax notes that: “The market’s resilience continues to stand out and, after a brief slowdown following the spring stamp
duty changes, mortgage approvals and property transactions have both picked up, with more buyers
returning to the market. That’s being helped by a few key factors: wages are still rising, which is
easing some of the pressure on affordability, and interest rates have stabilised in recent months,
giving people more confidence to plan ahead.”
This article was written by Justin Low at www.forexlive.com.