The data published by the National Wade Real Estance on Tuesday showed that the prices of the house in the United Kingdom decreased by 0.8 percent during June, with a decrease in expectations and are the most monthly decline over more than two years, after the end of the discount on real estate operations.
Economists whose Reuters signed a small increase by 0.2 percent within a month.
On an annual basis, housing prices increased by 2.1 percent compared to the same month of last year, which is a lower rate than annual growth, registered in May by 3.5 percent, and without waiting in the market, which made it possible to increase by 3.1 percent.
“The slowdown in prices may be associated with a decrease in demand after increasing the tax on the brand (tax charged by the state for specific transactions that include written documents in early April,” said Robert Gardner, chief economist National Wade.
He added: “Despite this slowdown, we still expect to improve the market activity in the summer, especially in the light of the ongoing basic factors that support potential houses, despite the state of global economic uncertainty.”
Other indicators of the British housing market showed contrasting results after the end of the temporary tax support program, which buyers won for the first time.
The data of the Bank of England, issued on Monday, showed that the creditors agreed to a number of mortgage loans, which surpassed expectations in May, due to low borrowing costs.
The Bank of England retained the main interest rate of 4.25 percent at its last meeting over the past month, while markets are currently expecting that by the end of this year the bank will amount to two additional reductions by a quarter of the percentage point, reaching 3.75 percent.
