UK property prices down 0.3% in June, says latest lender index

Halifax | July 05, 2019

UK property prices down 0.3% in June, says latest lender index
Residential property prices fell by 0.3% in June to an average of 237,110 with the market described as stable, according to the latest lender index. The figures from the Halifax also show that prices re 5.7% higher than a year ago but managing director Russell Galley pointed out that this figure needs to be seen against the backdrop of particularly low growth in the corresponding period in 2018 which has had an impact on year on year comparisons.

Spotlight

Existing-home sales snapped back solidly in December as more buyers reached the market before the end of the year, and the delayed closings resulting from the rollout of the Know Before You Owe initiative pushed a portion of November's would-be transactions into last month's figure, according to the National Association of Realtors®. Led by the South and West, all four major regions saw large increases in December.

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Spotlight

Existing-home sales snapped back solidly in December as more buyers reached the market before the end of the year, and the delayed closings resulting from the rollout of the Know Before You Owe initiative pushed a portion of November's would-be transactions into last month's figure, according to the National Association of Realtors®. Led by the South and West, all four major regions saw large increases in December.