Wednesday, July 11, 2012
Hometrack House Price Index - June
According to the latest Hometrack House Price Index:
- House price growth stalled in June, with prices remaining
unchanged after three consecutive months of price rises
- Economic uncertainty and the beginning of the seasonal summer
slowdown saw new buyer registrations record the first
month-on-month decline for five months. Overall demand fell by 0.5%
in June
- The supply of homes for sale continues to grow, albeit at a
slowing pace. The growth in supply has outpaced the rise in demand
for each of the last three months
- Demand is set to decline further over the summer as the
seasonal slowdown begins to kick in. As a result, the balance
between supply and demand is set to widen, putting further downward
pressure on prices
- Headline month-on-month price falls have been avoided due to
the relative strength of the London market. London was the only
region to register a price increase in June - up 0.3%