top of page

Average house prices hit record high but growth slows

marcfaubeau

The average UK house price hit a new record of £271,613 in June, according to Nationwide, with this marking a 10.7% increase on the typical price recorded in June 2021. However, growth has slowed, with the year-on-year increase seen in June down on the 11.2% rise recorded in the year to May. Month-on-month, prices rose 0.3% between May and June. This also suggests growth is slowing, with the increase short of the 0.9% growth posted between April and May. Robert Gardner, Nationwide’s chief economist, said: “There are tentative signs of a slowdown, with the number of mortgages approved for house purchases falling back towards pre-pandemic levels in April and surveyors reporting some softening in new buyer inquiries.” Looking across Britain, the south-west of England overtook Wales as the strongest-performing region, with house prices up 14.7% year on year. London, meanwhile, was the weakest performer although prices still managed to rise by 6% to an average of £540,399, maintaining its status as the most expensive region of the UK.

Daily Mail The Daily Telegraph The Guardian The Independent The Times

0 views0 comments

Recent Posts

See All

London flats lose their appeal

According to new figures published by Bloomberg, based on an analysis of UK Land Registry data, the value of London flats has plummeted...

Demand cools but house prices climb

Property professionals saw fewer new inquiries from house hunters in June, but house prices continued to increase, according to the Royal...

Kommentare


Office.png

Office Locations

Temperance House
YO8 5AA,
North Yorkshire

Entreprise House
Paradise street
Oxford UK

Rue d' Antibes
Cannes, Alpes maritimes
France

Developer House
Palmar Trou d'eau douce
Mauritius

Send.png

© Lionsfield. All Rights Reserved.

bottom of page