House prices climb 0.3% in June

Halifax’s latest house price index shows prices were flat in June, climbing just 0.3% when compared to those recorded in May. The average price of a home in June was £225,654, marking a 1.8% increase on June 2017’s £217,620. This increase fell just short of the 1.9% year-on-year growth seen in May. Comparing quarterly averages, prices between April and June were 0.7% lower than those in the second quarter of 2017. Russell Galley, Halifax’s managing director, said: “Activity levels, like house price growth, have softened compared with the final months of last year”, but added a continuing shortage of properties for sale should keep prices rising.

The Daily Telegraph (06/07/2018)