“The price of property coming to the market has increased in June in every year since 2009, so buyers’ confidence has clearly been affected by inflation outstripping their pay packets and current political events.”
Rightmove’s figures show that although prices in most parts of the country rose, the overall average was dragged down by prices falling by 2.4 per cent in London and in parts of central and south-eastern England.
Consumer price inflation rose to its highest level in nearly four years at 2.9 per cent in May. Meanwhile wage growth has failed to keep up with this increase.
Meanwhile pressure will be increased further on homeowners after three of the Bank of England’s eight policymakers voted to raise interest rates last week.
Mortgage lender Nationwide has reported three successive monthly falls in house prices for the first time since 2009. Halifax has warned that annual property price growth is at its lowest since 2013.
“Thank you very much BCC for the very impressive office refurbishment you have done for us. With experience in suspended ceilings and partitions your advice helped us to make the right choices for what we needed. The whole project was made very easy for myself.”
“We have used BCC a number of times and they deliver a very quick turn around but not sacrificing a very high standard of work. We will definitely continue to use BCC."