What’s the latest information on house prices? We monitor the leading indicators to keep you regularly updated about key movements in the UK’s property market
2 August: Differences Emerge In Direction of Price Growth Travel
- UK house prices continue to rise, but key indices report different directions of travel
- Nationwide reports rise in annual growth rate, Zoopla records slight dip
- House price growth strongest in Wales at 11.1%
A difference has emerged over the direction of travel in two of the UK’s major house price indices both published today, writes Andrew Michael.
The Nationwide house price index reported that the value of an average UK home rose by 11% to £271,209 in the year to July 2022. The annual rate of growth was higher than the 10.7% it calculated the previous month.
But the property portal, Zoopla, said that the price of an average UK home rose by 8.3% to £256,600 in the year to June 2022, a drop from the figure of 8.7% it reported a month earlier.
Zoopla added that June’s price growth was the lowest figure since October…