Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Lloyds Index Reports 0.2% Rise in UK House Prices for June
The Lloyds house price index, previously known as the Halifax index, recorded a 0.2% increase in the average UK property price in June, reaching £299,330. This follows a 0.2% decrease in May.
Annual price growth also edged up, moving from 0.5% in May to 0.6% in June, according to the index. However, prices over the latest quarter were down by 0.4%.
For letting agents and inventory clerks, these figures provide an updated snapshot of the UK property market, indicating a slight recovery in prices after a recent dip. The data may be relevant for those monitoring market trends and advising clients on property values.
Source: Property118