UK house prices rebounded in June according to Nationwide

June 28, 2017

The Nationwide House Price Index report June 2017 released today headlines ‘House price growth regains momentum in June.’

Prices rose 1.1% month-on-month in June, reversing the previous three months’ falls. Annual house price growth rises to 3.1%.

Gap in house price growth between strongest and weakest performing regions in Q2 is the smallest on record.

Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said:

“UK house prices rebounded in June, with prices rising by 1.1% during the month, erasing the decline recorded over the previous three months. However, monthly growth rates can be volatile, even after accounting for seasonal effects.

“The annual rate of house price growth, which gives a better sense of the underlying trend, continues to point to modest price gains. Annual house price growth edged up to 3.1% from 2.1% in May. In effect, after two sluggish months, annual price growth has returned to the 3-6% range that had been prevailing since early 2015.” more….

Read the Nationwide House Price Index report June 2017 in full 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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