RE: Ready to bounce back7 Jul 2022 10:06
33.30p +1.30p (4.06%)
Market Report this morning
The Halifax said the UK housing market remained strong.
UK house price growth accelerated in June, defying expectations that the market will cool as consumers face pressure from rampant inflation.
According to Halifax, UK house prices rose 13% yearly in June, the strongest growth since late 2004, accelerating from an 11% rise in May.
Monthly, prices rose 1.8%, hitting GBP294,845, another record high. House prices have now risen for 12 months on-the-bounce, Halifax noted. In May, house prices had risen 1.2%.