Property buyers pushed house prices higher in June,
undaunted by the prospect of the Brexit vote and warnings of an impending price
crash. Official figures showed that the average UK house price jumped 8.7% from
the same month last year, almost four times the 2.2% average annual rise in
wages. The strength of the rise appeared to show a strong rebound from earlier
in the year, when buyers were clearly nervous about the outcome of the
referendum and its impact on the housing market. A 1% increase from May pushed
up the average price of a UK home by £17,000 from the same month last year to a
new record of £214,000. Read more on the ONS website.
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