House Price Index

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Average national asking prices up by 0.3%

  % Change in month% Change Past YearAve house price
June HPI0.3%5.0%£237,767
May HPI0.7%4.3%£237,134

Key points

  • Pace of rises slackens with average national asking prices up by 0.3%
  • Asking prices are already falling in real terms with RPI at 5.1% compared with a year-on-year rise of 5.0% in asking prices
  • 22% increase in sellers coming to the market following suspension of HIPs results in large jump in unsold stock
  • Sellers and tenants face tougher times as deficit reduction measures, such as rumoured CGT increases, disrupt the fragile housing recovery

View Index comparison

index-comparison-tab

Rightmove: compiled from asking prices of properties as they come on the market via Rightmove's member estate agents over the previous month, covering over 90% the market. Not seasonally adjusted. (Seasonally adjusted figure used for the Halifax from Nov 2003, as no unadjusted figure has been published.)

Halifax: based on mortgage approvals of loans agreed by Halifax Bank of Scotland over the previous month, seasonally adjusted.

Nationwide: based on mortgage approvals of loans agreed by Nationwide Building Society over the previous month, seasonally adjusted.

Rightmove measures asking prices and does not seasonally adjust its figures, while Nationwide and Halifax both report data based on mortgage offers, seasonally adjusted. The index offered by the CLG (Department of Communities and Local Government) measures prices at completion stage, not seasonally adjusted.

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