UK House Price Index, Jun 2018 - PwC comments

Jun 13, 2018

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

House prices reach highest ever level, but annual price growth continues to soften 

Commenting on the ONS house price figures out today, Thomas Fisher, economist at PwC, said: 

“Today’s release from the ONS and Land Registry shows that house prices across most of the UK experienced an uptick in April compared to the month before.

"The leap in prices from March to April is partly due to seasonal variation. Annual house price inflation in the year to April was 3.9%, down from 4.2% in the year to March. This decline in annual house price inflation continues the gradual loss of momentum in UK house price growth experienced since mid-2016.

"However, even with this loss of momentum, the average price of a UK home is now at its highest ever level of around £227,000.

"Looking ahead to the remainder of the year, we project average annual house price growth for the UK of under 4% in 2018.”

Ends.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2018 PwC. All rights reserved

Contact us

Tilly Parke
Manager, media relations, PwC United Kingdom
Tel: +44(0)7551 235 010
Email

Follow us