House price momentum eases in June

23rd June 2017

House price momentum has stalled as the average price tag on a property coming to market has dipped by more than £1,000 month-on-month. Across England and Wales, the average asking price was £316,109 in June, a 0.4% or £1,172 fall compared with May, and the first fall seen in the month of June since 2009 - at the height of the credit crunch. The annual rate of asking prices also slowed, to 1.8%. Asking prices in London and the South East were down month-on-month by 2.4% and 0.9% respectively. By contrast, asking prices were up by 1.7% in Yorkshire and the Humber, by 1.3% in the North West and the East Midlands, and by 0.8% in Wales.

The Times (18/06/2017)