Annual house price growth falls back in May according to Halifax

Halifax House Price Index (HPI) May 2017 published today headlines ‘Annual house price growth eases again to 3.3%.’

House prices in the three months to May were 3.3% higher than in the same period of 2016.

House prices in the three months to May 2017 were 0.2% lower than in the three months to February 2017.

Martin Ellis, Halifax housing economist, said: “After reaching a recent peak of 10% in March 2016, the annual house price growth has since fallen to 3.3% in May.

“House prices have again fallen over the past three months. Overall, prices in the three months to May were -0.2% lower than in the preceding three months; the same rate as in April.

“The fact that the supply of new homes and existing properties available for sale remains low, combined with historically low mortgage rates and a high employment rate, is likely to support house price levels over the coming months.”

Read the Halifax House Price Index (HPI) May 2017 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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