Halifax (HPI) August 2016

September 7, 2016

Halifax House Price Index (HPI) August 2016 released today headlines ‘Annual house price growth eases to 6.9%’.

Prices in the three months to August were 6.9% higher than in the same three months of 2015.

House prices in the last three months (June-August) were 0.7% higher than in the preceding three months, the monthly change was -0.2%.

Martin Ellis, Halifax housing economist, said: “House prices in the three months to August were 0.7% higher than in the previous quarter; down from 1.5% in July. The annual rate of growth fell from 8.4% in July to 6.9%.

“House price growth continued the trend of the past few months in August with a further moderation in both the annual and quarterly rates of increase. There are also signs of a softening in sales activity.

“The slowdown in the rate of house price growth is consistent with the forecast that we made at the end of 2015. Increasing difficulties in purchasing a home as house prices continued to increase more quickly than earnings were expected to constrain demand, curbing house price growth.”

To read the Halifax (HPI) August 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

Breaking News

London property no longer a safe bet as real-terms prices slide

Inner London stagnates: Wandsworth, Lambeth, Tower Hamlets, Kensington and Chelsea, and Westminster saw annual growth of less than 0.5% between 2016 and 2024, new Rathbones research reveals. Southwark in freefall: Average house prices fell by 2% over the past eight years. Outer London underperforms: Even Bexley, the best-performing borough, only saw 2.8% annual growth –…
Read More →
Breaking News

Low deposit mortgage choice boosted to 17-year high

Moneyfacts UK Mortgage Trends Treasury Report data reveals the combined choice of higher loan-to-value mortgages (90% and 95% LTV) rose to its highest count in 17 years. These deals combined represent 19% of the residential mortgage market overall, where choice is at an 18-year high. Month-on-month the overall average two- and five-year fixed mortgage rates…
Read More →
Breaking News

Property market beset by delays as conveyancer queries vary by an ‘alarming’ 8,176%

The scale of inefficiency in the property market was laid bare today by new analysis that reveals some conveyancers receive 83 times as many Land Registry queries as others. The number of requests sent to conveyancers to progress cases varied by an “alarming” 8,176%, ranging from 2.9 per 100 applications to 237, new analysis of…
Read More →
Breaking News

Breaking Property News 8/09/25

Daily bite-sized proptech and property news in partnership with Proptech-X. MetaWealth and One United Partners launch €18 million tokenized real estate bonds opportunity in Bucharest Press Release London, UK & Bucharest, Romania Sept 2025  MetaWealth, a tokenised real estate investment platform, today launched a €17.9 million bonds basket targeting 19% annual returns, as part of its…
Read More →
Estate Agent Talk

Hodge adds 95% LTV to Resi and Resi Retire propositions to support borrowers with complex income

New 95% loan-to-value (LTV) mortgage options have been added to Hodge’s Resi and Resi Retire propositions, giving customers from age 21 with varied income types greater access to the property market. These latest enhancements align with Hodge’s wider shift towards “lifelong lending”, bringing together core residential and retirement propositions, where lending is based on a…
Read More →
Breaking News

Younger generations see homeownership as less important

The latest research from Yopa has revealed how attitudes towards homeownership vary between generations, showing that while the majority still aspire to own, its perceived importance has waned among younger buyers who also find the path to ownership more challenging than their parents did. Yopa surveyed* Baby Boomers, Generation X, Millennials and Generation Z to…
Read More →