Cushman & Wakefield Residential Market Commentary - June 2017
June major house price indices provided a mixed bag of results with the Halifax and Nationwide recording monthly house price inflation at +0.4% and -0.2% (respectively) for May, while the UK HPI recorded a strong +1.6% for the preceding month (April). This is the first time the Halifax index has recorded growth this year, while the Nationwide reported price falls for a third month in a row.
From a regional perspective, recent growth has resulted in average house prices in both the North West and Yorkshire & The Humber moving above their previous 2007/2008 peak levels. The North East is now the only English region whose current average house price is below its previous 2007/2008 peak level.
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