1 Jul

UK house prices rise 0.3% in June

UK house prices rise 0.3% in June

The price of purchasing a home in the UK through estate agents rose again in June as a reasonably strong 2013 rounded of the first half of the year positively.

Latest data from Nationwide shows that the price of homes was 0.3 per cent higher in June than it was in May, while the average of £168,941 was a full 1.9 per cent better than the same month in 2012.

It means that the strong start to 2013, boosted by the introduction of the Funding for Lending Scheme last August, has continued, as Brits enjoy better access to cheaper mortgages as a result.

Robert Gardner, Nationwide's chief economist, said that the rate of growth experienced in June was the fastest at any time since 2010 as the market continues to mature and head towards strong pre-recession figures.

"Signs of a modest improvement in wider economic conditions may also be playing a role in boosting buyer sentiment," he added.ADNFCR-1222-ID-801606625-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.