Yahoo Finance UK reporter Pedro Goncalves writes:
UK house prices stalled in June, on a monthly basis, after a 0.3% fall in May, according to lender Halifax. The typical property value in June was £296,665, which was 2.5% higher than a year earlier.
Amanda Bryden, head of mortgages, Halifax, said: “The market’s resilience continues to stand out and, after a brief slowdown following the spring stamp duty changes, mortgage approvals and property transactions have both picked up, with more buyers returning to the market.
“That’s being helped by a few key factors: wages are still rising, which is easing some of the pressure on affordability, and interest rates have stabilised in recent months, giving people more confidence to plan ahead.”
Northern Ireland once again recorded the fastest pace of annual property price inflation in the UK, up by 9.6% over the past year. The typical home now costs £212,189.
