Economic Buzz: UK House Price Inflation Rise 13% In June

7 Jul 2022 , 03:59 PM

UK house prices rose at the fastest annual pace since late 2004 in June, survey data from the Llyods Bank subsidiary Halifax showed. The house price index climbed 13.0 percent year-over-year in June, faster than the 10.7 percent rise in May. On a monthly basis, house prices grew 1.8 percent in June, following a 1.2 percent gain in the prior month. The average house price set a new record high of GBP 294,845 versus GBP 289,666 in the previous month. Average property values have now risen by GBP 18,849 or 6.8 percent so far this year. Powered by Commodity Insights