Nationwide (HPI) June 2016

June 29, 2016

The Nationwide House Price index June 2016 released today headlines “Sight uptick in house price growth in June”.

House price growth increased to 5.1% in June, up from 4.7% in May. The monthly change remained the same at 0.2%. The North – South divide continued to widen in Q2.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “The rate of annual UK house price growth has remained fairly stable over the past twelve months, confined to a fairly narrow range of between 3% and 6%-this trend was maintained in June with price growth at 5.1%, up slightly from the 4.7% recorded in May.

“It has become difficult to gauge the underlying pace of demand in recent months, due to the surge in house purchase activity in March ahead of the introduction of Stamp Duty on second homes on 1 April”.

To read to rest of the comments by Robert Gardner and the full HPI report for June click here.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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