Britain’s house prices increased by 2.5% in June

 

House prices across the country have seen an increase of 2.5% over the last month, new research by an estate agent revealed.

Whilst house prices have seen a stable rise, they also are 0.6% below their value from 12 month ago, the study by estate agent Haart showed.

https://www.buyassociation.co.uk/2017/07/11/hometrack-report-says-london-house-prices-will-drop-3-2017/

Property across the capital saw an increase of 1.6% month-on-month, which also indicates a 1.1% yearly increase.

These news come at a time where talks of a crash in the country’s property market are becoming louder. And they are pointing the opposite way.

When it comes to the amount of available properties, levels increased by 14% in London and by 11% across the rest of the country. The report highlighted that this increase in availability has been a noticeable trend over the last couple of months, ever since the general election.

Paul Smith, CEo at Haart, commented on the findings:

“One of the key reasons that transactions are so far behind where they were last year is the government’s changes to the buy-to-let market, including the stamp duty surcharge, which has dampened the market significantly. This is particularly the case in London, which has seen buy-to-let landlords flee the market.”

As we are slowly moving further away from April 2016 – the month when the stamp duty changes kicked in and out an end to a buying frenzy from investors – figures should also return to normality again.

https://www.buyassociation.co.uk/2017/06/29/house-prices-increased-june-beaten-analyst-forecasts/

According to Paul Smith “the fundamental issue in the market remains affordability, as pulling together the money for both a deposit and stamp [duty] continues to be a growing problem for aspiring home owners, and home movers.”

First-time buyer numbers have dropped by 46.3% over the last year, pushing more and more young hopefuls into rental property.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Britain’s house prices increased by 2.5% in June

Britain’s house prices increased by 2.5% in June

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.