On Tuesday morning, the Nationwide published its UK June house price index. It showed annual house price growth rose to 13.4%, the highest level since November 2004, in June 2021. Prices were up 0.7% month-on-month, after taking account of seasonal factors.
Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said:
“Annual house price growth accelerated to 13.4% in June, the highest outturn since November 2004. While the strength is partly due to base effects, with June last year unusually weak due to the first lockdown, the market continues to show significant momentum. Indeed, June saw the third consecutive month-on-month rise (0.7%), after taking account of seasonal effects. Prices in June were almost 5% higher than in March."
Below are a selection of views from experts on the property market in June.