UK June Nationwide house prices +0.1% vs -0.3% m/m expected

Prior +0.1%House prices -3.5% vs -4.0% y/y expectedPrior -3.4%The average house price in the UK moved up slightly in June to £262,239 but annual price growth remains lower as rising rates are starting to weigh on the housing market. There is starting to be a noticeable impact on housing affordability as seen here: This article was written by Justin Low at www.forexlive.com.

UK June Nationwide house prices +0.1% vs -0.3% m/m expected
  • Prior +0.1%
  • House prices -3.5% vs -4.0% y/y expected
  • Prior -3.4%

The average house price in the UK moved up slightly in June to £262,239 but annual price growth remains lower as rising rates are starting to weigh on the housing market. There is starting to be a noticeable impact on housing affordability as seen here:

This article was written by Justin Low at www.forexlive.com.