LONDON (MNI) – House prices in England and Wales nudged higher in
June, rising 0.1% on the month to stand up 0.9% on the year, according
to Land Registry data.
The Land Registry figures, based on completed transactions, show
modest house price inflation while some mortgage based surveys have
shown mild deflation. The Halifax June house price survey, for example,
had a 0.5% yearly fall in June.
The Land Registry’s lagging activity data showed a pick-up in
property transactions in January through April on a year earlier, with
transactions climbing to an average of 47,242 per month from 43,686
sales per month a year earlier. These data are likely to have been
distorted, however, by the expiry of the stamp duty holiday at end
March, which brought forward some housing market activity.
–London newsroom: 4420 7862 7491; email: drobinson@marketnews.com
[TOPICS: MABDS$]
