May 2016 House Price Infographic
May 2016 House Price Infographic indicates house prices are up on average 0.7% in the past month and up on average 7.2% in the past year
- UK home sales soared between February 2016 and March 2016; up 41.5% and up 69.7% year on year.
- Mortgage lending reached £25.7 billion in March, up 43% on February and up 59% year on year, driven by a surge to beat the second home stamp duty surcharge deadline.
- Conflicting reports from major House Price Indices on house price movement in past month. Ranging from a low of -0.5% reported by Land Registry to a high of +2.6% reported by Halifax.
- Overall, house prices are up on average 0.7% in the past month and up 7.2% in the past year.
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