The number of sales agreed in June remains 12% behind 2019’s more normal market level as interest rates continue to rise.
Related topic: House prices
Annual house prices saw their largest year-on-year decrease since 2011.
All regions except Northern Ireland recorded annual price falls in Q2.
Quarterly growth rate turns briefly positive following a pick-up in sales activity over spring.
On a seasonally adjusted basis, the average UK house price increased by 0.4% in April.
Despite seasonal adjustments, annual and monthly rates in house price growth are continuing to fall, according to the latest data released by e.surv.
Except for Wales, all areas of the UK have seen annual house price growth weaken in May compared to April.
The data shows that average house prices remain 4% below their August 2022 peak.
House prices have fallen by 1.3% in the last six months but the speed of falls is reducing as buyer confidence slowly improves.
Average UK house prices increased by 4.1% in the 12 months to March 2023, down from 5.8% in February 2023, according to the latest data released by ONS.
While this website is checked for accuracy, Barcadia Media Limited are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances.
Barcadia Media Ltd, 14 Edward Street, Blackpool, Lancashire , FY1 1BA. Data Protection Notification No: Z162 1548.