Average UK property ‘worth £156,442′
The average cost of a UK property in June was £156,442, according to the latest house price index.
Nationwide Building Society reported that the average value of homes in the UK increased by 0.9 per cent during the month.
People selling their properties should feel more confident ahead of putting them on the market, claimed Martin Gahbauer, Nationwide's chief economist.
"While it is encouraging to see that prices are no longer seeing steep falls, there are still many obstacles in the way of a genuine and sustainable price recovery," he explained.
It is the third time in the last four months that Nationwide has suggested property prices have increased.
Last month, the publication of the building society's data was closely followed by May's Halifax House Price Index, which also indicated that prices were higher than in April.
Halifax is scheduled to release its June data in the coming weeks.
To book your free initial consultation with mortgages for professionals click here.
Nationwide Building Society reported that the average value of homes in the UK increased by 0.9 per cent during the month.
People selling their properties should feel more confident ahead of putting them on the market, claimed Martin Gahbauer, Nationwide's chief economist.
"While it is encouraging to see that prices are no longer seeing steep falls, there are still many obstacles in the way of a genuine and sustainable price recovery," he explained.
It is the third time in the last four months that Nationwide has suggested property prices have increased.
Last month, the publication of the building society's data was closely followed by May's Halifax House Price Index, which also indicated that prices were higher than in April.
Halifax is scheduled to release its June data in the coming weeks.
To book your free initial consultation with mortgages for professionals click here.
