What’s going on with the property market?

£27.00

This 643 word blog post looks at the latest Halifax House Price Index and also research from property website Rightmove showing where £1m-plus homes are selling the fastest in the UK. Written on 7th June 2018.

Description

That perennial dinner party topic, house prices, never gets old. We know that an Englishman’s home is his castle, which might explain our collective fascination with the property market, with its many twists and turns. Despite concerns about rising interest rates and a slowdown in overseas investment, residential property prices in the UK continue to grow. According to the latest Halifax House Price Index, average prices rose by 1.5% last month resulting in annual growth of 1.9%. It means that the average price of a UK home now stands at £224,439. Looking at the figures on a quarterly basis, they grew by an average of 0.2% in the three months to May.