House prices in the UK could be on course for a summer boost, with a new analysis suggesting they are set to rise by 1.2 per cent over the next three months. Average values grew strongly in June 2019, rising by 6.5 per cent compared to May, and those looking to move may wish to do so before the next Brexit deadline at the end of October as the chance of no-deal rises, according to the forecast from Reallymoving.

It is predicting that there will be a strong market in August, with average prices rising by 3.2 per cent then dipping again in September, with a 1.2 per cent over the June to September period. While the spring market got off to a slow start this year, a busy May for house hunters is expected to translate to price rises in August when those sales typically complete.

As home buyers register for quotes for home move services on the site typically 12 weeks before their purchase completes, providing data on the purchase price agreed, Reallymoving says it is able to provide an accurate three-month property price forecast before those deals complete three months’ later.

Historically, Reallymoving’s data has closely tracked the Land Registry’s Price Paid data, published retrospectively. It says that a more resilient than expected spring market was reflected in substantial monthly house price growth in June, which saw average prices in England and Wales increase by 6.5 per cent compared to May. This can be partly attributed to the seasonal effect, but Reallymoving’s seasonally adjusted figures also show growth of 3.2 per cent, indicating that the market saw a genuine strong growth in values for sales completing at the start of the summer.

Average values are set to remain relatively stable in July, dipping by just 0.5 per cent, followed by a surge of 3.2 per cent between July and August. Annually, property values fell consistently between January and May 2019, but as predicted, this trend reversed at the start of the summer when prices increased by 2.3 per cent in June compared to the 12 months previously.