House prices revealed both good and questionable data within the same month in July. The property prices report from Halifax in July showed the best monthly increase for this year, but it was the worst level for a quarter in almost five years. The average house price was recorded at £219,266, which is a 0.4% increase in July following a 0.9% decrease in June. It is the largest increase since the end of 2016. The three month measure to July revealed a 0.2% decrease, the fourth straight quarterly decline since 2012.

The year on year comparison showed a decline from 2.6% to 2.1%.

Nationwide’s price index report revealed a 0.3% increase in July.

A slowdown in the housing market has been expected by experts suspecting consumers to withhold large purchases as a result of Brexit, but with continued low interest rates offered by lenders and a short supply of houses in the market, demand from buyers continues to be strong.

At the end of last year it was expected that the housing market would be struggling to maintain growth, but through the first half of the year it has been resilient and growth is expected to be maintained through to the close of 2017.

Those with dreams of climbing onto the property ladder will find the market crowded with other buyers, which may require more shopping around, but when it comes to mortgage deals there are many products available from lenders and some with historically low levels for the lender. Homeowners, too, are finding historic low level interest deals available in remortgages. With low interest rates and attractive deals in mortgages and remortgages from lenders, consumers shouldn’t be expected to shy away from opportunities, even with Brexit looming in the shadows.