House Price Growth Slows in June, Average Up £5,000 Annually
UKPulse Property Desk
Official data shows average house prices increased by 2% year-on-year to June, a slower rate compared to April and May. This equates to an average rise of £5,000 over the year.
- Average house prices rose by 2% year-on-year to June.
- This growth rate is a decline compared to April and May.
- The average house price increased by £5,000 in the year to June.
Official figures indicate that the average house price saw a 2% increase year-on-year in the period leading up to June. This growth represents a slowdown when compared to the rates observed in April and May.
The data also reveals that the average house price has risen by £5,000 over the year to June. However, one London borough reportedly experienced a significant fall of £291,000 in house prices during the same period.