Annual rate of growth picks up for second consecutive month says Halifax

October 6, 2017

Halifax House Price Index report September 2017 released today headlines ‘Annual House Price Growth Rises to 4%.

House prices in the three months to September 2017 were 1.4% higher than in the three months to June 2017.

Prices in the three months to September were 4.0% higher than in the same three months a year earlier.

House prices rose by 0.8% between August and September, following a 1.5% increase in August.

Russell Galley, Managing Director, Halifax Community Bank, said: “The annual rate of growth has picked up for the second consecutive month, rising from 2.6% in August to 4.0% in September. The average house price is now £225,109 – the highest on record. House prices in the three months to September were 1.4% higher than in the previous quarter, the fastest quarterly increase since February.

“While the quarterly and annual rates of house price growth have improved, they are lower than at the start of the year. UK house prices continue to be supported by an ongoing shortage of properties for sale and solid growth in full-time employment. However, increasing pressure on spending power and continuing affordability concerns may well dampen buyer demand. There has been recent speculation on the possibility of a rise in the Bank of England base rate. We do not anticipate this will have a significant effect on transaction volumes.”

Read the Halifax House Price Index report September 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.

You May Also Enjoy

How to add value to your home
Estate Agent Talk

Investing in Property: A Smart Move for Long-Term Financial Growth

In a world of fluctuating markets and uncertain economic trends, property investment remains one of the most stable and reliable ways to build long-term wealth. Whether you’re purchasing your first home, a rental unit, or commercial space, real estate continues to offer numerous advantages that set it apart from other types of investments. This article…
Read More →
How to help out hoarders
Estate Agent Talk

Neighbourly nightmares: One in three Brits face next-door disputes

New research from Rightmove reveals that over a third of Brits (36%) admit to having had an argument with their neighbour Top annoyances are noisy neighbours (78%), parking spot poachers (71%) and curtain twitchers (70%) Neighbour behaviours deemed the biggest red flags are asking for your Wi-Fi password (87%) and letting bins overflow (71%)  …
Read More →
Breaking News

Breaking Property News 07/08/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Interest rates cut to 4%, inflation expected to rise to the same figure The Bank of Engaland after two ballots approve 0.25% cut in rate to 4%, but inflation is double target figure In what is the fourth rate cut since Labour came into power…
Read More →
Breaking News

1 in 5 private rented homes could be illegal

More than one in five private rented homes in England currently fail to meet the Decent Homes Standard (DHS). Analysis from Inventory Base suggests that these properties would be illegal to rent should the proposed extension of the DHS within the Renter’s Rights Bill (RRB) pass into law. The DHS is a government-issued minimum standard…
Read More →
bank of england interest rate
Breaking News

Property Industry Response to Latest Bank of England Rate Cut

Following a hold in June, the rate has today been cut to 4.0%. This comes despite inflation (CPI) sitting at 3.6% in June 2025, higher than the Bank of England target rate of 2.0%. The decision to reduce the base rate by the Monetary Policy Committee was the result of five members voting for a…
Read More →
Rightmove logo
Breaking News

Rightmove Comment on The Bank Rate Cut

Matt Smith, Rightmove’s mortgage expert says: “As expected we now have the third Bank Rate cut of the year, with the Bank continuing along its forecast trajectory. Mortgage lenders have had a bit of room to reduce rates over the last week, owing to the ongoing developments around global tariffs. However, we expect that lenders…
Read More →