Annual rate of house price growth rises in August according to Halifax

September 7, 2018
bank of england interest rate

Latest Halifax House Price Index report – August 2018 released today headlines ‘Annual House Price Growth Rises To 3.7% in August’.

The report reveals that house prices in the three months to August increased by 3.7% against the same period a year earlier, on a monthly basis, prices remained steady, seeing a small rise of 1% in August.

Russell Galley, Managing Director, Halifax, said:

“House prices picked up in August, with the annual rate of growth rising from 3.3% in July to 3.7%. With the average house price now £229,958 prices in the three months to August were also 1.9% higher than in the previous quarter.

“While the pace of employment growth has recently slowed, a low unemployment rate and a gradual pickup in wage growth are helping to support household finances. This has been accompanied by interest rates still remaining at a historically low rate and a stable, yet constrained, supply of new homes onto the market further supporting house prices.”

Read the Halifax House Price Index report – August 2018 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

AI in estate agency letting agency property
Estate Agent Talk

5 Practical Examples: This is How AI is Changing Real Estate

There does not appear to be a single industry that is likely to be immune from the impact of AI. Therefore, it is no surprise to learn that seismic changes are happening in the world of real estate, thanks to the increasing influence of artificial intelligence. From using the technology to identify ways to save…
Read More →
Crowded beaches - Clacton-on-Sea in Essex
Breaking News

Overheating moves up the housing agenda

441,000 rental homes fail thermal comfort standards The latest analysis from Inventory Base has found that an estimated 441,000 private rented homes in England failed thermal comfort standards in 2024, accounting for 40.3% of all non-decent private rental properties, as major reforms to the Housing Health and Safety Rating System (HHSRS) came into force on…
Read More →
Breaking News

Annual house price growth slows in June

The latest Nationwide House Price Index for June 2026 shows that: House prices fell by -0.0% between May 2026 and June 2026. Annual house price growth increased to 2.2% in June 2026, up from 1.7% in May 2026. The average UK house price for June 2026 now stands at £277,484, down slightly from £278,024 in…
Read More →
Breaking News

Nationwide House Price Index May 2026

UK annual house price growth picked up to 3.0% in April, from 2.2% in March House prices were up 0.4% month on month Headlines Apr-26 Mar-26 Monthly Index* 554.8 552.7 Monthly Change* 0.4% 0.9% Annual Change 3.0% 2.2% Average Price (not seasonally adjusted) £278,880 £277,186 * Seasonally adjusted figure (note that monthly % changes are…
Read More →
Breaking News

Breaking Property News 1/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Construction entrepreneur and TrueNorth Capital Group founder has a ten point plan for the next Prime Minister Mr Bradley Lay wants Andy Burnham, or whoever becomes the UK’s next Prime Minister, to overhaul the policies which are holding Britain’s construction sector back. And to…
Read More →
Breaking News

Breaking Property News 30/6/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   8% of commercial real estate investors and owners have started AI pilots – the reasons why most fail Only 5% of CRE operators achieve most of their AI program goals According to JLL’s 2025 Global Real Estate Technology Survey of more than 1,500 senior…
Read More →