Figures published on Monday show that UK house figures decreased by a mere 0.3% The average house price now stands at £152,898,
Current information produced by the Land Registry demonstrates that the housing market is slowly stabilising, coupled with the recent data from Nationwide showing that mortgaged house sales increased 1.2% in May.
There is still a significant number of economists pointing towards the number of unemployed and the lack of mortgage availability, citing these factors as keeping the market down.