- 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."
