Map: House prices climbing at fastest rate in more than a year
Housing prices rose to the fastest speed in more than a year last month because it returned from the interruptions caused by changes in market stamp tax.
According to the National Statistics Office (Ones), an average UK property value increased by 3.7 percent in June in June to 269,000 in May.
The acceleration arrived after the threshold, where recipients paid the stamp tax, was reduced from £ 250,000 to £ 125,000 in April, which is a briefly cooled activity before the prices returned.
At the beginning of this month, a cooling interest rates falling to 4 percent again comes on the ground.
Jean Jameson, a Foxtons spinning chief, said that more people will buy a house after interest rate cuts and expect to see this purchase in autumn.
Average housing prices rose to £ 291,000 (3.3 percent) in the UK, £ 210,000 in Wales (2.6 percent) and 192,000 to £ (5.9 percent) in June from 12 months in Scotland.
Meanwhile, the UK said that the average monthly private rents increased by 5.9 percent in July 12 months in July with an increase of £ 1.343 in 12 months.
The average rents rose to £ 1,398 in the UK, 807 percent in Wales and 999 £ (3.6 percent) in July in July in Scotland.
According to Ones, Kensington and Chelsea continue to be the most expensive place to buy a house in the UK. There, prices increased by 2 percent last year.
The city of Westminster ranked second and although the values decreased by 3.3 percent, an average of £ 1 million.
Glass came third, where prices increased by 4.1 percent to £ 876.065, and after an increase of 0.4 percent, the city of London watched the city of London with £ 845.614.
Richmond Thames saw one of the most powerful increases annually and prices increased by 6.2 percent and rose to £ 825.299.
On the other hand, although the average prices exceeded £ 679,000 and £ 701,000, respectively, Wandsworth (-7 percent) and sharp decreases in Islington (-5 percent) were recorded.
Elmbridge in Surrey rose to £ 755.879 with a 7.4 percent increase, while Harey had the fastest growth between the top 10 because it rose to £ 626.67 with an increase of 5.4 percent.
Pantheon Macroeconomic British economist Elliott Jordan-Doak said: “Home prices are rapidly healing from interruptions caused by an increase for the tax stamp in April.
“From month to month home price inflation can be at the best times, so sharp gains in housing prices in May and June can be partially withdrawn with a decrease in July.
“However, by cutting the noise, we think that the demand for basic housing remains intact, which shows that home prices can continue to increase steadily over the second half of 2025.”
