The June data shows:
- monthly house prices rose by 1% since May 2022
- an annual price increase of 7.8% which takes the average property value in the UK to £286,397
In England the June data shows, on average, house prices have risen by 0.9% since May 2022. The annual price rise of 7.3% takes the average property value to £304,867.
The regional data for England indicates that:
- the East of England experienced the greatest increase in its average property value over the last 12 months with a movement of 9.7%
Real Estate Credit Investments Limited (LON:RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.