House prices The country has been flattened in June in June. After a small dip in MayAn index is shown.
Halifax Average UK property values in June recorded a zero percent month-to-month change, after another 0.3 percent fall in May.
The bank said housing marketThe following flexibility “continues” the following Changes in stamp duty to be implemented from April When some home buyers became less generous on charge.
Amanda Breden’s Head Hostage In Halifax, the UK Housing Market “remained stable in June”, with average home prices, in May after a slight decline of 0.3 percent in May.
He said that at £ 296,665, the average property price is still about 2.5 percent more than a year ago.
Ms. Breden said, “Market flexibility continues.”
He said that it was being powered by some major factors, including pressure due to increased wage reduction and more confidence among buyers. Interest rates Stabilize
He said, “Lenders also responded to new regulatory guidance by adopting a more flexible approach to affordable assessment,” he said.
The map below shows the price of the average house in the entire Britain in June:
Ms. Breden said: “Two more rate cuts with pricing of markets Bank of England By the end of the year, and since 2023, now the average rate on the newly formed hostage is now the lowest, we continue to expect an increase in the price of a minor house in the second half of the year. ,
Sarah Coles, Head of Personal Finance Hargrevs LansdownSaid that the prices of the house are “advancing the strength for the limit”.
While the hostage rates have come down, they said that they have been “too much more than us in the last few years” and are not falling especially quickly.
This is one of the reasons that property sales are better in some parts of the country where house prices are generally low, he said.
Ms. Kols said, “Lenders have reacted to high home prices by offering more flexibility, how much people can borrow.”
He said that for the first time for buyers: “It is worth considering whether you can help in building your deposit, whether it is through family and friends or promotes 25% from the government through a lifetime.”
Another recent report from Nationwide building society Indicated that the average house was priced at 0.8% month in June.
Tom Bill, Head of UK residential research Night frank Said: “House prices may be stable, but high supply and weak demand suggests that it is not a beginning of a reversal.”
He said: “Stamp duty in March is more supply after clifte-age and as the sale of more zamindars, but after economic activity, consumer trust remains weak, pulling forward in the first quarter of the year.
“We hope that in 2025, the price of a slight single-canon house increases as the rates decrease in the second half of the year, but the prices need to be asked to ask that it needs to reflect the fact that it is a much more buyer market.”