UK Housing Price and Market Update for June 2019
Monthly Change
- 0.1%
Quarterly Change
+ 0.4%
Annual Change
+ 0.5%
Average Price Paid
£216,515
Price growth remained below 1% for the seventh consecutive month.
Buyer enquiries and consumer confidence remain subdued, however number of mortgages approved has remained, on the whole, stable.
It is thought that trends in the housing market will continue to mirror developments in wider economic conditions over the coming months.
Price decline in London slowed in the last quarter to -0.7%. Prices in the capital remain at only around -5% from all time highs.
The quarter sees an average house price growth of 2.1% across the North of England.
Yorkshire & Humberside reporting best performance of the North of England seeing prices rise 3% in Q2.
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.