Hometrack: House Price Growth Slows Further In June

Source – iMarketNews.com

LONDON (MNI) – Growth in UK house asking prices slowed further in June, rising only 0.1% month on month and up 2.1% year on year, housing market intelligence company Hometrack said.

In May, prices had risen by 0.2% and by 2.0% on the year. Growth in demand, in terms of new buyers registering with agents, ground to a near standstill, rising just 0.1% on the month in June compared to up 0.5% on the month in May.

In the Hometrack series demand growth has been slowing for the last four months. Hometrack attributed the slowdown to political uncertainty, talk of austerity measures and a continuing lack of mortgage finance.

While demand was near flat on the month, housing supply rose.

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Tags: demand, hometrack, housing, investing, market, property, report, supply

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