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Academetrics -0.5% June

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http://www.acadametrics.co.uk/LSL%20Acad%20HPI%20News%20Release%20June%2010.pdf

Embargo? Nah don't worry about it.

JUNE KEY LSL Acad HPI STATISTICS

 

Index

222.0 Average House Price

£218,119 Monthly Change

-0.5% Annual Change

7.7%

 

MAIN POINTS

Housing market transactions rose by 20% in June, from 52,975 in May to an estimated 63,500 in June. While still down on the long-term national average, this increase in sold properties sharply reverses the drop in transactions last month.

House prices continued to fall in June, down 0.5% on May levels. This is mainly a result of sellers finally coming to terms with buyer demand for greater price discounts. The good news is that the oversupply in the market, prevalent last month, is now reducing.

Annual prices are 7.7% above a year ago, down from a 9.1% annual rise last month.

The estimated surge in transaction seems odd. We'll have to wait two months to see if that's agrees with the land registry.

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It must be a sign of the times when a house price index comes out negative and no one here bats an eyelid!

I think this is a tactical early release (due out tomorrow) to keep this in the background as everyone still reels from the Halifax figure. Thus preventing a double wammy of negative news on consecutive days. I've not seen this in the news anywhere.

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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