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UK June Halifax house prices 0.0% vs 0.0% m/m expected

  • 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.”

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