Latest data released by Halifax - 5 July 2019
- Prior +0.5%
- House prices +5.7% vs +5.7% 3m/y expected
- Prior +5.2%
Slight delay in the release by the source. House prices are seen a little lower in June but relative to three months a year ago, they're holding up but Halifax notes that this is largely due to a particularly low growth rate in the corresponding period in 2018. Adding that:
"Average house prices dipped marginally in June, falling by 0.3%, to stand at £237,110. This extends the largely flat trend we've seen over recent months. More generally the housing market is displaying a reasonable degree of resilience in the face of political and economic uncertainty."
I reckon that sums up sentiment in the UK housing market rather well amid Brexit uncertainty taking a toll on other parts of the economy.
