{"id":2973,"date":"2017-06-29T12:30:40","date_gmt":"2017-06-29T11:30:40","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2973"},"modified":"2023-09-29T21:54:36","modified_gmt":"2023-09-29T20:54:36","slug":"house-prices-increased-june-beaten-analyst-forecasts","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/29\/house-prices-increased-june-beaten-analyst-forecasts\/","title":{"rendered":"House prices have increased in June &#8211; and beaten analyst forecasts"},"content":{"rendered":"<p><strong>Nationwide\u2019s latest house price index has revealed that prices have increased by 1.1% month-on-month in June, proving expert expectations of a continued drop wrong.<\/strong><\/p>\n<p>Annually, <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/29\/house-price-growth-slowed-lot-englands-south\/\" target=\"\" rel=\"noopener\">house price growth<\/a> came up to 3.1%, an increase from the 2.1% recorded in May.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"uMHHjSq8q7\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/06\/city-house-price-growth-uk-city-made-biggest-jump\/\">City house price growth: Which UK city made the biggest jump?<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;City house price growth: Which UK city made the biggest jump?&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/06\/city-house-price-growth-uk-city-made-biggest-jump\/embed\/#?secret=vmj8SYya2k#?secret=uMHHjSq8q7\" data-secret=\"uMHHjSq8q7\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Nationwide\u2019s chief economist, Robert Gardner explained that whilst monthly growth can be rather volatile, annual growth returned to a more healthy level during June.<\/p>\n<blockquote><p>&#8220;There has been a shift in regional house price trends. Price growth in the South of England has moderated, converging with the rates prevailing in the rest of the country.&#8221;<\/p><\/blockquote>\n<p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/31\/goodbye-london-liverpool-nottingham-named-best-areas-buy-let-investment\/\" target=\"\" rel=\"noopener\">In London<\/a>, annual house price growth has dropped to only 1.2%, representing the second slowest growth across the UK.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"fsgNY9Q6e9\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/28\/manchesters-top-three-spots-renters\/\">These are Manchester\u2019s Top Three spots for renters<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;These are Manchester\u2019s Top Three spots for renters&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/28\/manchesters-top-three-spots-renters\/embed\/#?secret=of57ePx9oS#?secret=fsgNY9Q6e9\" data-secret=\"fsgNY9Q6e9\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Howard Archer, chief economic adviser, EY ITEM Club, said: &#8220;House prices can be volatile from month to month, and June&#8217;s rise needs to be seen in the context that house prices had previously fallen in each of the previous three months, which was the first time this had happened since 2009.&#8221;<\/p>\n<p>Nevertheless, house prices are being continuously pushed up by the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/02\/british-mortgage-lending-reaches-lowest-rates-ever\/\" target=\"\" rel=\"noopener\">decline in mortgage rates<\/a> and the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/23\/drastic-fall-homes-rent-uk-since-2011\/\" target=\"\" rel=\"noopener\">lack in houses on the market<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nationwide\u2019s latest house price index has revealed that prices have increased by 1.1% month-on-month in June, proving expert expectations of a continued drop wrong. Annually, house price growth came up to 3.1%, an increase from the 2.1% recorded in May. City house price growth: Which UK city made the biggest jump? Nationwide\u2019s chief economist, Robert<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/29\/house-prices-increased-june-beaten-analyst-forecasts\/\" title=\"ReadHouse prices have increased in June &#8211; and beaten analyst forecasts\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[14,49],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2973"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=2973"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2973\/revisions"}],"predecessor-version":[{"id":6096820,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2973\/revisions\/6096820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4279"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=2973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=2973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=2973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}