Halifax House price Index March

April 10, 2015

According to the Halifax, part of the Lloyds Banking Group, UK house prices rose by 0.4% in March compared with the previous month but the annual rate of property price growth slowed, property prices were 8.1% higher than a year ago.

The Halifax  which uses data from its own mortgage lending is maintaining the  prediction that annual house price growth will end the year at between 3% and 5%, this compounds the problem for potential first-time buyers  who cannot see ever affording a home of their own.

Demand for property is being maintained by earnings growth and low mortgage rates, added to that householders are feeling slightly richer with falling food and fuel costs, continued low rates of interest are key to maintaining demand and affordability, the weakening of housing market activity since the end of last year should now be bottoming out and once the election is out of the way we may even see a spike in activity.

 

 

 

 

 

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

Rightmove logo
Breaking News

Enhanced lettings leads from Rightmove to integrate with agent CRM systems

The UK’s largest property platform Rightmove, is rolling out a significant update to its enhanced leads feature for lettings agents, by integrating with agent CRM systems. With Rightmove’s enhanced leads feature, enquiries from prospective tenants come pre-qualified with additional information, helping busy letting agents to find the right tenant for their landlords quicker. This includes…
Read More →
small house bird box
Breaking News

Downsizing out of debt

The best way to become debt free in retirement The latest research from over-50s property specialists, Regency Living, reveals that over-50s can release themselves from financial debt, and all of the physical and mental health issues that can bring, by choosing to downsize to a park home. Financial debt is a common yet difficult burden…
Read More →
Breaking News

UK Property Market Bounces Back After Stamp Duty Slump

The latest research from GetAgent.co.uk reveals  that the UK property market has already bounced back from the momentary slump that followed the expiry of the stamp duty holiday at the end of March, with transaction volumes climbing 42% in May, reversing a sharp -66% drop in April. The research from GetAgent.co.uk analysed Gov data on residential transaction…
Read More →
Breaking News

Fall-Throughs Hit UK Market For Over £275m

Fall-Throughs Cost UK Homebuyers and Sellers Over £275m in Q1 as West One Loans Reports Growing Use of Bridging Finance to Prevent Collapse The latest analysis by West One Loans, a leading provider of property finance and specialist mortgages, has revealed that there has been a significant increase in bridging market activity driven by homebuyers and…
Read More →
Breaking News

Industry Reaction to Halifax House Price Index – June 2025

Nathan Emerson, CEO of Propertymark, comments: “Today’s news suggests that house prices have dropped quarterly and that there has been no monthly increase in house prices, which demonstrates that the UK housing market has faced considerable upheaval in response to a turbulent global economy and Stamp Duty thresholds in England and Northern Ireland increasing from…
Read More →
Breaking News

Halifax House Price Index for June 2025

House prices hold steady as market activity picks up pace • House price growth flat in June at 0.0% vs dip of -0.3% in May • Average property price now £296,665 compared to £296,782 last month • Annual rate of growth edges down to +2.5% from +2.6 in May • First-time buyer numbers have returned…
Read More →