House price growth begins to cool

8th July 2016

House prices cooled in the run-up to the EU referendum in June, according to Halifax, as uncertainty took hold and buyers lost confidence. The rate of annual house price growth in the UK was 8.4%, down on May's rate of 9.2%, and its lowest level since July 2015. The 8.4% rate of growth was slightly better than the 7.8% growth forecast by economists. The price of the average home in the UK rose by 1.3% between May and June, or by £2,708, to hit £216,823, up from 0.6% the previous month, according to the index..

The Daily Telegraph (08/07/2016)