UK house prices static in May
The Halifax House Price Index (HPI) for May 2024 was published today – let’s take a brief look at the contents.
The latest data reveals that UK house prices were largely static in May, edging down slightly by just -0.1%. Market activity has remained resilient, with the average cost of a property changing marginally over the last three months.
According to the index, the market is unlikely to see huge fluctuations in the near term.
In summary:
- Average house prices stable in May, down just -0.1%
- Annual rate of house price growth up +1.5% last month, from +1.1% in April
- Typical UK home now costs £288,688 (compared to £288,862 in April)
- The North West has the strongest price growth of nation or region in the UK
The next Halifax House Price Index is scheduled for release on Friday 5th July 2024.
What does the future hold for 2024? Download our market research report for further insights.
