House prices rise in July

The Halifax says house prices rose again in July after dipping the previous month, leaving prices 7.6% higher than at the same time last year. The average property price across the UK was £261,221 in July, with the highest rise of 13.8% seen in Wales and the lowest, 2.5%, in London. “This easing was somewhat expected given the strength of price inflation seen last summer, as the market began its recovery from the first lockdown, and with activity supported by the start of the stamp duty holiday", said Halifax managing director Russell Galley. “Recent months have been characterised by historically high volumes of buyer activity, with June the busiest month for mortgage completions since 2008. This has been fuelled both by the ‘race for space’ and the time-limited stamp duty break".

BBC News (06/08/2021)   City AM (06/08/2021)   The Times (06/08/2021)