UK house prices add to record six months with July rise - Ri

UK house prices add to record six months with July rise - Rightmove


UK house prices add to record six months with July rise - Rightmove
Mon, 19th Jul 2021 04:57
(Alliance News) - UK house prices climbed to a fourth successive monthly record, figures from property portal Rightmove showed on Monday.
The average UK house price rose 0.7% monthly in July to GBP338,447, the largest July climb since 2007. Annually, house prices were 5.7% higher.
It was the fourth monthly high in a row, and Rightmove noted UK house prices have climbed by 6.7% in just six months.
"Rightmove analysis has identified a shortfall of 225,000 homes for sale which, if available, would have helped to maintain a more normal level of property stock for sale and would have helped stabilise prices. This stark shortfall, along with frenzied buyer activity, is fuelling record high prices and leading to record lows in available stock for sale," Rightmove explained.

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