SALES NEWS:- Housing market latest – it’s steady as she goes over the summer
The housing market is holding steady over the summer according to the latest two price indices. They come from the Halifax and the Nationwide, which produce both measures based on the mortgage lending they undertake to customers. The figures show:
- the average price of a UK home is £225,654 says the Halifax;
- this is 0.3% up over the month to July, and 1.8% up on the year;
- Nationwide shows an almost identical monthly figure, up 0.29%.
Both suggest house price growth is likely to remain low for the rest of the year – providing a stable backdrop as buyers and sellers prepare for the autumn market.