Halifax (HPI) August 2016

September 7, 2016

Halifax House Price Index (HPI) August 2016 released today headlines ‘Annual house price growth eases to 6.9%’.

 
Prices in the three months to August were 6.9% higher than in the same three months of 2015.

House prices in the last three months (June-August) were 0.7% higher than in the preceding three months, the monthly change was -0.2%.

Martin Ellis, Halifax housing economist, said: “House prices in the three months to August were 0.7% higher than in the previous quarter; down from 1.5% in July. The annual rate of growth fell from 8.4% in July to 6.9%.

“House price growth continued the trend of the past few months in August with a further moderation in both the annual and quarterly rates of increase. There are also signs of a softening in sales activity.

“The slowdown in the rate of house price growth is consistent with the forecast that we made at the end of 2015. Increasing difficulties in purchasing a home as house prices continued to increase more quickly than earnings were expected to constrain demand, curbing house price growth.”

To read the Halifax (HPI) August in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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