Our monthly property market review is intended to provide background to recent developments in the property markets as well as to give an indication of how some key issues could impact in the future.

Overview

MORTGAGE ACTIVITY

  • June lending 16% higher than May ‘16
  • Q2 2016 lending estimated at £56.1bn
  • CML says: “The result of the EU referendum is likely to affect the housing market, but there remains considerable uncertainty”

UK UNEMPLOYMENT FIGURES

  • Unemployment rate remains at 4.9%
  • There were 31.75 million people in work
  • Lowest unemployment figures since Mar-May 2008

HOUSE PRICES HEADLINE STATISTICS

  • HOUSE PRICE INDEX (JUNE 2016)* 112.2*
  • AVERAGE HOUSE PRICE £213,927**
  • MONTHLY CHANGE 1.0%
  • ANNUAL CHANGE 8.7%