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Thursday, July 14, 2016

House prices rise 0.6% in June say LSL

The data from LSL Property Services House Price Index for June is out.

The largely pre-Brexit data has annual property price growth at 6%, with the average property now costing £293,444.

All good, but hold on let's wait for next months Brexit fall-out. 

In brief LSL has -
  • Transaction numbers climb back to 2015 levels but Brexit looms large 
  • London house prices down 1.4% (£8,400) month-on-month – biggest fall since May 2011 
  • Slough and Luton top the leader board for annual house price growth at 21% 
  • Transactions in June 2016 were down 13% on June 2015

  •  2016  is looking uncertain
Adrian Gill, LSL director, Adrian Gill, comments: 

“Brexit is going to have a wide range of influences on the market, both positive and negative. How they will all balance out is far from clear, but they are going to increasingly dominate the market in the months ahead.”
house prices lsl june 2016

Read the post-Brexit RICS forecasts for property prices

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