UK house prices remained stable in June
The Halifax House Price Index (HPI) for June 2024 was published today – what does it show? Let’s take a brief look.
The latest data reveals that UK house prices stayed relatively flat for the third successive month in June, with the slight fall equivalent to less than £500 in cash terms.
According to the index, house prices posted a seventh consecutive month of year-on-year growth. This continued stability in house prices – rising by just +0.4% so far this year – reflects a market that remains subdued, though overall activity has been recovering.
In summary:
- Average house prices were largely flat in June, down by just -0.2% on a monthly basis
- The annual rate of house price growth is unchanged from last month, at +1.6%
- A typical UK home now costs £288,455 (compared to £288,931 in May)
- Northern Ireland records the strongest annual house price growth in the UK
The next Halifax House Price Index is scheduled for release on Wednesday 7th August 2024.
What does the future hold for 2024? Download our market research report for further insights.
