Annual house price growth rebounds in June: Your Move
All regions saw annual house price growth in June, bringing to an end a slowdown in annual price growth that began in the middle of last year, according to the latest Your Move house price index.
"The overall month-on-month decline has slowed to its lowest since February and in London there was modest house price growth for the first time since January."
Prices are up by 2.1% on an annual basis, rising from 1.8% in May, led by the North East which saw annual growth of 3.7%.
That makes the average house in England and Wales in June worth £303,960 – up more than £6,000 on last June.
London saw modest house price growth for the first time since January, but although Greater London is the only region to have seen growth accelerate, it is far from being the strongest performer.
On a monthly basis average prices in England and Wales were slightly down in June, falling by 0.2% from May, although this is a smaller decline than March or April.
Oliver Blake, managing director of Your Move and Reeds Rains, said: “Two key factors could give rise to cautious optimism this month. The overall month-on-month decline has slowed to its lowest since February and in London there was modest house price growth for the first time since January.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds Banking Group launches £5,000 deposit mortgage
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote
FCA
FCA bans and fines director £755,000 for advice and insurance failures
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
Nationwide
Nationwide cuts mortgage rates by up to 0.36%
