Halifax's index shows UK house prices remained unchanged in June, following a slight dip in May. The average property price is £296,665, 2.5% higher than a year ago. The housing market's resilience is reinforced by a rise in mortgage approvals and property transactions, suggesting improved buyer confidence. This stability follows recent changes in stamp duty, which led to less favorable discounts. Rising wages have also eased some affordability pressures. The Independent continues to prioritize reporting on significant issues while remaining accessible to all readers without a paywall.
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In June, Halifax reported an average property price of £296,665, reflecting stability and a 2.5% increase compared to last year, indicating resilience in the housing market.
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