01 Jun 2017

May House Price Index

Further slowing in annual house price growth in May

  • House prices show third consecutive monthly decline for the first time since 2009
  • Annual house price growth dips to 2.1%, providing further evidence that housing market is losing momentum

Headlines

May-17

Apr-17

Monthly Index*

412.4

413.3

Monthly Change*

-0.2%

-0.4%

Annual Change

2.1%

2.6%

Average Price

(not seasonally adjusted)

£208,711

£207,699

* Seasonally adjusted figure (note that monthly % changes are revised when seasonal adjustment factors are re-estimated)