Nationwide’s figures for June 2022 put the average house price at £271,613, up 10.7% over the year. However, this marks a 0.3% monthly increase in prices down from 0.9% in May, showing a slowdown in growth.
Halifax figures put average house prices at a new record high of £294,845 in June 2022, up from £289,099 in May.
What’s happening to house prices? House prices up by 13% year-on-year, but experts expect market to slow.