Average house price reaches £200,000

10th July 2015

The Halifax house price index shows that the average UK property now costs £200,280, with prices up by 1.7% in June compared with May in a fourth consecutive monthly rise. According to Halifax economist Martin Ellis, the main factor in maintaining a steady house price growth in 2015 has been a continued shortage of properties up for sale. Howard Archer, economist with IHS Global Insight, has forecast an overall 6% rise in house prices for 2015, but warns that data from Halifax has, overall, been more volatile than other house price measures over the past few months. Nationwide, for example, last week said the pace of increases was at a two-year low.

The Guardian (09/07/2015)