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07.07.2016 07:38

UK: house prices increased in June (data calculated before Brexit)

Prices in the three months to June were 8.4% higher than in the same three months of 2015

• House prices in the last three months (April-June) were 1.2% higher than in the preceding three months.

House prices in the three months to June were 1.2% higher than in the preceding three months (JanuaryMarch). This was slightly below May's 1.5% increase and was the lowest rise on this basis since December 2014 (1.0%).

• Prices in the three months to June were 8.4% higher than in the same three months a year earlier. This was down from 9.2% in May and was the lowest since July 2015 (7.8%).

• House prices increased by 1.3% between May and June. This followed a 0.9% rise in May. The month-on-month changes can be erratic and the quarter on quarter change is a more reliable indicator of the underlying trend.

Somewhat irelevant considering that Brexit was on june 24. The smart money will probably take advantage of the good news and increased demand for the pound to sell further.

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