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Hometrack UK House Price Index – May 2022

by | Jul 1, 2022 | Clients, Uncategorized

The Hometrack UK House Price Index analyses housing market trends at a city level on a monthly basis – across 20 cities, plus regions, and nationally.

Executive summary:

  • Rate of monthly house price growth falls to the lowest rate since December 2019, with average values up just +0.1% in May
  • Average house prices are up +8.4% on the year, taking the average value to £251,550
  • Wales continues to lead price growth, up +11.4% on the year while London lags at 3.9%
  • Emerging signs of impetus in the market slowing, with activity receding from record highs with sales agreed down 13% yoy
  • Buyers expected to become more price sensitive as mortgage rates rise, leading to a slowing in the rate of price growth in H2

You can read the latest full report online on the Hometrack website.