Welcome to this week’s edition of our Property News Roundup! We’re here to bring you the most current and insightful updates in the real estate market.
In this issue, we explore the resilience of house prices during the spring season, the stabilisation of the UK housing market driven by rising wages and consumer confidence, and the latest developments in mortgage rates as major lenders adjust their offers.
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Now, let’s have a look at the latest headlines that have caught our eye this week…
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Property news this week:
UK house prices stabilise as rising wages and consumer confidence steady market: UK house prices held steady in May underpinned by rising wages and an increase in economic confidence during the important spring selling season, according to the latest data from mortgage lender Halifax.
Average house prices were stable in May, dipping 0.1% on a monthly basis. The typical UK home now costs £288,688 – reduced slightly from £288,862 in April, according to Halifax’s index. On an annual basis, prices were up by 1.5% in May and up from 1.1% in April.
That concludes this week’s updates. If you have any thoughts or questions about these headlines, feel free to reply—I’d love to chat with you about the latest market trends and discuss your investment goals.
I’ll be back next week with more insights on the property market. Enjoy your weekend!
