From This is Money:
The cost of an average home has risen by £8,700, or 5.9%, since hitting a low of £147,746 in February. However, this remains 16% below the peak of £186,044 in October 2007.
Nationwide said property prices rose during June – by 0.9% – for the third time in four months, as a shortage of properties being put up for sale continued to restrict supply.
The three-month rolling average, a less volatile figure than monthly data, is now also in positive territory, showing a rise of 0.9%.
The figures follow a succession of reports from estate agents and the Royal Institution of Chartered Surveyors showing a dwindling supply of property available, while buyers’ interest rises.#
Due to the way that figures are seasonally adjusted, March’s Nationwide index reported prices falling by 0.3%, when the average home rose in price by just £1,000.
Non-seasonally adjusted Nationwide figures show four successive months of rises, with the average home gaining £8,696…
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