Saturday, February 24, 2024

UK house prices rise 1.1% month on month

House prices in the UK increased by 1.1% month on month in June, suggesting that Brexit and a hung Parliament are not dampening the residential property market.

The latest index from lender, the Nationwide, shows that the monthly rise effectively erases the decline recorded over the previous three months. Year on year prices are up 3.1%, taking the average price of a home to £211,301.

The data also shows that the gap in house price growth between the strongest and weakest performing regions in the second quarter of the year was the smallest on record.

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