Halifax (HPI) August 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
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