Mapped: Latest house prices in your area after new data reveals average cost
One index showed that housing prices throughout the country were flattened in June for a month after a small decline in May.
Halifax, in May after a decrease of 0.3 percent in June, the average UK property values in June recorded a monthly change.
The Bank said that the flexibility of the housing market, which has become less generous for some house buyers, said that “continued to come to the forefront after the stamp tax changes that came into force as of April.
Mortgage President Amanda Bryden in Halifax, the UK housing market “stable in June” and in May after the average decline of 0.3 percent of the average housing prices did not change unchanged, he said.
Authorized, with £ 296,665, the average real estate price is still about 2.5 percent higher than a year ago, he said.
“The flexibility of the market continues to stand out, Ms Mrs. Bryden said, that mortgage approval and property transactions were collected again after a short decline after the spring tax changes.
He said that as the interest rates gained stability, it is directed by several basic factors such as increasing wages and more confidence between receiving acquisition prints.
“The lenders responded to the new regulatory guidance with a more flexible approach to purchasing assessments,” he added.
The map below shows the average house price in June:
Mrs. Bryden added: “With the markets, two more deductions than the UK Bank by the end of the year and the average ratio in newly taken mortgages since 2023, we continue to expect the modest home price growth in the second half of the year.”
Sarah Coles, President of Hargreaves Lansdown, said that rising housing prices pushed purchasability to the border ”.
Although mortgage rates have fallen, they said that they have been “much higher than we were used to in the last few years” and they did not fall especially quickly.
This is a reason why property sales remain better in regions where the country’s housing prices are typically lower.
Co Coles, “lenders, how much people can borrow more flexibility by offering higher housing prices reacted,” he added.
For the first time, he said for the buyers: “Whether it is a 25% increase from the government through family and friends or for life for a lifetime, it is worth thinking about whether you can get any help to create your deposit.”
A new report from Nationwide Building Society showed that the average house price fell by 0.8% per month in June.
Tom Bill Bill, President of the UK Housing Research in Knight Frank, said, “Housing prices may be stable, but high supply and weak demand shows that this is not the beginning of a rebound.”
The authority added: “As the supply is higher and more hosts after the stamp tax abyss in March, the consumer trust is weak after the economic activity has been drawn to the first quarter of the year.
“In the second half of the year, we expect to grow a modest single -digit home price in 2025, but the prices must reflect the fact that a buyer is the market.”
