Thursday, June 17, 2010

June House Prices & Affordability Index from

Interesting for buyers and sellers but worth reading in depth...

Begin forwarded message:

From: "TDPG Research" <>
Date: 16 June 2010 15:00:50 GMT+01:00
To: "Sam Reynolds" <>
Subject: June House Prices & Affordability Index from

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The House Prices & Affordability Index
June 2010
Increased Seller Confidence Leads To Highest Stock Levels Since January 2008

Nigel Lewis

"We've seen a flood of sales properties come onto the market this month. And that is in no small part due to the scrapping of HIPs, according to our findings, in addition to rising prices since the start of the year. 

"Demand for property has helped prices stay strong despite the explosion in the number of homes for sale and this fifth month of rises means asking prices are now higher than at any point since July 2008."

Nigel Lewis, Head of Content
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•  The stock of property for sale in the UK grew by 9% in June. Stock levels are now 31% higher than at their trough in August 2009.

•  Asking prices rose for the fifth consecutive month, with a 0.3% increase to £220,308. Since June 2009, they have risen by 1.8%, up from £216,496.

•  First-time buyer homes also increased for the fifth month in a row, with a 0.2% rise this month.

•  The average entry level home is on the market at £156,065, which is 1.7% higher than a year ago (£153,460) and the highest level since February 2009.
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House Prices & Affordability Index

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