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July 2019 House Price Update

UK Housing Price and Market Update for July 2019


Monthly Change

+ 0.3%


Quarterly Change

+ 0.3%


Annual Change

+ 0.3%


Average Price Paid

£217,663



  • Price growth remained below 1% for the eight consecutive month.

  • Fewer transactions overall and fewer properties available for sale reduced

  • market liquidity.

  • First time buyer transactions have recovered thanks to improved labour market, credit availability and low lending rates which continue to underpin market performance.

  • We are also seeing a steady increase in under-occupation (properties with two or more empty bedrooms), which has been supported by the decline of younger home-owners. This decline is also impacting home-mover activity, as younger households tend to move more frequently than older households.

  • We are seeing weak home-mover activity; less than half of the numbers in 2007.

  • The slow-down trend is apparent looking at quarterly price (%) changes.

Source of UK Property Price Data ‘Annual Change’, ‘Quarterly Change’, ‘Monthly Change’, ‘Average Price’ and ‘Average Mortgage Rates’ - Nationwide House Price Index.

Please note that the use of the above information and commentary is subject to both the Nationwide Legal Terms (https://www.nationwide.co.uk/about/house-price-index/headlines) and also where applicable, the Terms and Conditions found on our website www.resonateproperty.co.uk.

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