UK house prices due for summer surge according to new House Price Forecast
11 June 2019
By Andi Michael
The new House Price Forecast from reallymoving uses quote form data to show how property prices are increasing across the country in the next three months.
With property prices in general falling since the beginning of the year, this new forecast offers hope for those selling, and for the industry in general, as prices pick up. The forecast can look both at the UK as a whole, and regionally, and it’s clear there are particular surges in price ahead in the North East and the South West, as well as a rise of 1% year on year across the UK in June.
CEO of reallymoving, Rob Houghton says:
“Prices agreed this spring will show in Land Registry data in the summer, yet our customers registering for home move services as soon as their deal is agreed are giving us unique insight into what lies ahead for the housing market.
Annually, average UK prices have been falling since the start of the year but in June we can expect prices to see a return to positive growth with a rise of +1% year on year, followed by 0% change in July. This suggests that a strong market performance over the spring will see prices make up the value lost in the first part of 2019 and are set to recover to 2018 levels this summer.”
You can view reallymoving’s House Price Forecast
on their website, designed to equip homebuyers and property industry professionals with accurate data to make the moving process simpler.
You can also view more information on the data provided by the forecast in the House Price Forecast press release
and in our House Price Forecast blog post.
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