June House Price Index
Sales down 7% as sellers adopt a wait-and-see approach The desire to move home remains strong but the recent jump in mortgage rates and political uncertainty have shrunk the pool of committed home buyers. Sales agreed over June are running 7% below with buyer enquiries 15% lower, a consistent trend this year. A change of Prime Minister and questions over likely tax and spending priorities in the Autumn Budget have added to the uncertainty in recent weeks, which is reflected in other measures of consumer confidence. More buyers are taking a wait-and-see approach until the outlook becomes clearer. This is