UK house price index down 0.3% in June - Halifax

According to the report from Halifax Bank of Scotland, on a monthly basis, UK house prices fell by 0.3%. In the latest quarter (April to June) house prices were 2.4% higher than in the preceding three

months (January to March). House prices in the three months to June were 5.7% higher than in the same three months a year earlier

June’s annual change figure of 5.7% comes against the backdrop of a particularly low growth rate in the corresponding period in 2018, which has had an impact on year-on-year comparisons.

Russell Galley, Managing Director, Halifax, said: “Average house prices dipped marginally in June, falling by 0.3%, to stand at £237,110. This extends the largely flat trend we’ve seen over recent months. More generally the housing market is displaying a reasonable degree of resilience in the face of political and economic uncertainty. Recent industry figures show demand looking slightly more stable, with mortgage approvals ticking along just above the long-term average. One of the major restraining factors on the volume of transactions in the market continues to be the very low level of stock for sale.”