UK data - Rightmove house price indicator for June +0.8% m/m (prior +1.8%)

Author: Eamonn Sheridan | Category: News

Property website Rightmove indicator of asking prices:

  • "Buyer demand remains very strong, though with an all-time low in the number of properties available for sale ... and new stock at higher-than-ever average prices, there are early signs of a slowing in the frenetic pace" 
Rightmove collected the data between May 9 and June 12
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The UK government has cut property purchase taxes to reverse an initial slump in sales early in the pandemic, helping to support prices. 
  • June is the last month when the full stamp duty tax break applies
  • is to be wholly phased out in October

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