Quick Move Now’s response to June house price index

According to the June house price index report compiled by Nationwide, the country has continued to see growth, albeit relatively small.

UK property prices increased slightly by 0.2% in May, leaving the annual rate of house price growth at 4.7%, compared with 4.9% in April.

May_2016_HPI_Table
Danny Luke, Director of Quick Move Now comments;

There has been a lot of speculation surrounding the property market in the first half of 2016.

With the new stamp duty changes that took effect in April and with the EU referendum around the corner, it’s not surprising both buyers and sellers are feeling nervous and not knowing what to do to ensure they get the best deal.

This latest report demonstrates that despite concerns, the UK’s housing market in still moving in the right direction and with demand higher than supply, there will be pressure on price growth until this trend levels.

Click here to read Nationwide’s full house price index report

This content was written by Quick Move Now
Published on 2nd June 2016
Last updated on 9th August 2018

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