Market news

22 June 2021

UK house prices rise to new record high - Rightmove

RTTNews reports that property website Rightmove said that UK house prices increased to a new record high for the third consecutive month in June.

House prices increased by a moderate 0.8 percent month-on-month in June, which was slower than the 1.8 percent rise seen in May.

Although this was the largest increase at this time of year since 2015, buoyed by the strength of both the top end of the market and hotspot lifestyle change locations, data indicates an early sign of slowing in the pace of the current hectic market, Rightmove said.

The national average of property prices rose to a new record high for the third consecutive month. The average property prices totaled GBP 336,073.

On a yearly basis, house price growth accelerated to 7.5 percent in June from 6.7 percent in May.

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