Here’s how much the average price of a home dropped by in June
The IndependentGet the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Across Britain, the average price of a home coming fresh on the market in June is £375,110, slightly down compared with May’s record of £375,131, Rightmove said. This is understandable when many of these sellers have more flexibility over when they act, but overall, it appears to be business as usual for the mass market.” Rightmove’s report was released as property firm Hamptons said the cost to tenants of a newly-let home in Britain rose to an average of £1,337 per month in May Ian Preston, group chief executive at Yorkshire-based estate agent Preston Baker said: “Whichever government is chosen, the priority must be increasing the supply of new homes. The rental price growth has been extraordinary over the past few years, and landlord-friendly policies will be required to attract landlords back into the market.” Rightmove’s report was released as property firm Hamptons said the cost to tenants of a newly-let home in Britain rose to an average of £1,337 per month in May, which was 6.3% or £79 per month higher compared with the same period in 2023. Aneisha Beveridge, head of research at Hamptons, said: “High mortgage rates have squeezed buyers with small deposits out of the market, forcing more households to rent for longer.” She said that despite political parties’ General Election pledges around low deposit mortgage deals “their effectiveness will probably be determined by Threadneedle Street rather than Downing Street.
History of this topic
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