House prices increase slightly in June
16 August 2011
House prices edged up slightly in June, as the UK housing market continued to show resilience. A report, compiled by the Department for Communities and Local Government (DCLG), indicated that, on average, prices rose by 0.6% during June.
The average house price in the UK has now risen to £204,981. Seven out of the nine English regions showed month-on-month increases in property values, and London led the way with a 1.6% rise in June. It was the capital that also showed the greatest year-on-year growth, climbing 1.5% when compared with June 2010.
The DCLG figures are supported by the latest Halifax price index, which also reported month-on-month price rises recently.
The Royal Institution of Chartered Surveyors (RICs) has predicted that the UK property market is likely to experience flat house prices for the rest of the year.
