House price growth 'starts to slow'

Latest News Tue, Mar 22, 2016 5:36 PM

House price growth 'starts to slow'

Seven out of 10 regions of England and Wales recorded month-on-month falls in house prices in June, according to the Land Registry.

Prices overall across England and Wales were unchanged in June compared with May, the survey suggested.

However, property prices were still 6.4% higher compared with a year ago, leaving the average home priced at £172,011.

A number of surveys have shown big annual price rises in recent months.

Surveys are now starting to make annual comparisons with a time a year ago when the housing market was firmly in the realms of recovery.

The latest Land Registry data shows that the biggest month-on-month rise in June was in the West Midlands (up 1.9%), with the largest fall in Yorkshire and the Humber (down 1.3%).

The largest year-on-year rise was in London (up 16.4%) and the slowest rise was in the North East of England (up 0.8%).

Other surveys in recent months have echoed the view of local markets moving at a different pace, but, overall, showing some levelling off of property prices.

A number of commentators have predicted a slowdown in the UK housing market during the summer holiday season, following the typical "Spring bounce" in activity.

Featured News

Specification news
Manufacturers see sharp rebound in activity – Make...

Britain’s manufacturers have seen a sharp rebound in activity in the third quarter...

Read More >>

Specification news
Net Zero gains at risk as retrofit follow-ups fail to...

The 2025 Spending Review commits £13.2 billion to increasing energy efficiency in...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

PVC-U System Fully Reversible Windows by Epwin Window Systems Brochure

PVC-U System Fully R...
By Epwin window systems...

Download Now >>

Spectus Bevelled Windows and Doors Brochure

Spectus Bevelled Win...
By Epwin window systems...

Download Now >>

Vertical Sliding Sash Window Brochure

Vertical Sliding Sas...
By Epwin window systems...

Download Now >>

Two-Part Cill System Brochure

Two-Part Cill System
By Epwin window systems...

Download Now >>

 Spectus Ovolo  Windows and Doors Brochure

Spectus Ovolo Wind...
By Epwin window systems...

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

DUOFLEX
DUOFLEX

DUOFLEX is a high quality elastomeric bitumen, hot bonded to the substrate incorporating the fleece...

Read More >>

TECSOUND
TECSOUND

TECSOUND is a polymer based, bitumen-free, high-density synthetic membrane. The combination of its...

Read More >>

ISOLAIR MULTI
ISOLAIR MULTI

ISOLAIR MULTI is a natural and ecological vapour-permeable, windproof and water-repellent thermal...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

A responsible addition: HIMACS shapes are now SCS-Certified for recycled content
A responsible addition: HIMACS shapes are now SCS-Certified for recycled content

HIMACS has long been the solid surface material of choice for architects and designers looking for a...

Watch Now >>

Our SUSTAINABILITY Roadmap
Our SUSTAINABILITY Roadmap

Myson has a clear sustainability strategy in line with the UN Sustainable Development Goals (SDGs)...

Watch Now >>

Sustainable Energy Efficient Solutions
Sustainable Energy Efficient Solutions

From radiators and underfloor heating to ceiling convectors and towel warmers, Myson is the UK’s...

Watch Now >>