June 2015

[hpi-table this_month=”June” this_months_change=”+3.0″ this_month_yearly_change=”+4.5″ this_month_ave_price=”294,351″ last_month=”May” last_months_change=”-0.1″ last_month_yearly_change=”+2.5″ last_month_ave_price=”285,891″]

Price of property coming to market rebounds to all-time high as majority-government surprise leads to biggest ever rise in month of June, up 3.0% (+£8,460) to £294,351

Six out of ten regions set new record price highs as supply/demand imbalance continues to heads north

Election certainty boosts buyer activity but anticipated rise in new seller numbers fails to materialise:
Higher demand with busiest ever May on Rightmove website – 115 million visits, equal to every adult in the UK visiting twice in the month

Tighter supply with number of properties coming to market down 8.5% on same period a year ago, though £2m plus properties buck this trend with 86% month-on-month leap in new listings

High demand and low supply highlight urgency for delivery of more new-build homes