Latest News From Complete Clarity Solicitors

The latest legal news & family, employment, personal injury and wills & succession law news from Complete Clarity Solicitors.
1 minute reading time (251 words)

Slowest growth in UK housing market in five years

UK house price growth in June slowed to the lowest rate since August 2013. According to the Office for National Statistics (ONS), this slowdown was mainly affected by the falling prices in London, where properties dropped from 0.7% to negative 0.2%. The report shows an average house price growth of 3%, down from 3.5% in May - the lowest annual rate in five years.

In June 2018, the UK average house price was £228,000 - £6,000 more than in June 2017 and £1,000 higher than last month. Across the UK, all properties showed an increase in average price in June 2018 when compared with the same month in the previous year:

  • Semi-detached houses had the biggest increase, rising by 4.4% in the year to June 2018 to £216,000.
  • The average price of flats and maisonettes increased by 0.5% in the year to June 2018, to £204,000, the lowest annual growth of all property types.

The main contribution to the increase in UK house prices came from England, where house prices increased by 2.7% over the year to June 2018, with the average price in England now £245,000. Wales saw house prices increase by 4.3% over the last 12 months to stand at £157,000. In Scotland, the average price increased by 4.8% over the year to stand at £150,000.

Contact our expert property solicitors

To discuss your specific needs and circumstances with us, contact Clarity lawyers today. We look forward to hearing from you and assisting you with all of your legal concerns.

Loan for self-build homes now available
Inheritance tax exceeds £5 billion for the first t...

Get in touch

We’re here to help

Please let us know your name.
Please let us know your Surname.
Please let us know your Email.
Please let us know your phone number.
Please let us know your selection.
Please let us know your message.
Do you require legal aid?

Sorry, we do not offer legal aid.

What happens next?

View our process