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.

 

May 2016 House Price Infographic

 

Click for the full report, for how we calculate our House Price Watch Index click here and for previous reports click here

 

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