Confidence drops to lowest for 5 years in UK house prices according to Halifax

October 27, 2017

Confidence in UK house prices has dropped to its lowest level since December 2012, according to the latest Halifax Housing Market data which reveales that  the house price optimism balance dropped to 30 points in October, the index has fallen by 38 points since it peaked in May 2015.

The Halifax survey which was conducted by pollster Ipsos MORI  reveals that the house price optimism  balance has dropped 14 points from April to October.

Russell Galley, managing director of Halifax Community Bank, said: “Housing market optimism has declined significantly over the past year, with almost half of people expecting a general slowdown in the market.

“Even with a potential Base Rate increase on the horizon, it’s significant that buyers’ concerns continue to be centred on raising deposits and job security and, as such, we do not anticipate that an increase in Base Rate will have a significant effect on the demand for properties.”

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

Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 24/10/24

The average 5-year fixed mortgage rate is now 4.64%, down from 5.39% a year ago The average 2-year fixed mortgage rate is now 4.94%, down from 5.85% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.65%, down from 5.47% a year ago The average 60% LTV 5-year fixed mortgage rate is now 4.05%, down from 4.95% a year ago The average monthly mortgage payment on a…
Read More →
Software & Tech

The Future of Online Privacy: Challenges and Solutions

Online privacy has become a critical issue in today’s digital environment. With the speed at which technology is developing for everyday tasks, safeguarding personal data is becoming increasingly difficult. This article explores how online privacy is changing, what challenges we face, and possible solutions that might lead to a more secure digital future. The Growing…
Read More →
Home and Living

Alpine Makeover: How Are Mountain Homes Blending Tradition and Innovation?

Mountain-style homes, nestled amidst breathtaking landscapes, offer a perfect blend of architecture and nature. From the charm of old-world designs to modern, contemporary structures, they create a unique connection to their surroundings. But what makes these homes so timeless yet so versatile? Rustic Roots, Modern Touch At the heart of alpine architecture lies the nostalgic…
Read More →
US Flag
Overseas Property

The New Jersey areas with the least Airbnb’s REVEALED

Peterson has the least Airbnb’s in New Jersey, with 0.38 per 1,000 people Wildwood is at the top of the ranking, with 368 Airbnb’s in the area, translating to 54.28 per 1,000 people The study uses data from Airbnb.com to identify the number of listings in each area, as well as the average price per night A…
Read More →
Breaking News

Highest Q3 Sales revenue since 2015 and third consecutive quarter of revenue growth in 2024- Foxtons Q3 results

Third consecutive quarter of growth in 2024, with Q3 revenue up 8% to £47.4m (Q3 2023: £43.9m) and 30 September 2024 YTD revenue up 10% to £125.9m (30 September 2023 YTD: £114.8m) Q3 growth was driven by Sales, Sales revenue up 36% to £13.5m (Q3 2023: £9.9m), and underpinned by resilient Lettings revenue which was…
Read More →
Breaking News

Zoopla reveals the top ten most common street names in the UK

Zoopla, one of the UK’s leading property websites, reveals the top ten most common street names across the UK. Zoopla’s analysis of ordnance survey data finds that High Street is the most common name for a street(2086), followed by  Station Road (1939) and Church Street (1408). High Street (2086 in the UK) is the most…
Read More →