Halifax HPI Comment: Housing market smashes industry expectation with 4% annual growth

February 13, 2020

Marc von Grundherr, director of lettings and sale agent Benham and Reeves, commented:

“It would seem that the Boris bounce in market activity that followed December’s election has blown market expectations out of the water where the rate of annual house price growth is concerned and has catapulted a once weary market back to previous form.

Given the months of market decline and the seasonalities involved, this turn around is really quite remarkable and demonstrates the absolute resilience of our bricks and mortar market.

We can now expect more of the same and we can look forward to a Brexit inspired bump in house prices now that we have finally departed and these green shoots will almost certainly be cultivated by the Government with aa further budget boost come Spring.”

Founder and CEO of Stone Real Estate, Michael Stone, commented: 

“We’ve seen levels of market activity return at an alarming rate since the back end of last year and such a rapid return to form where prices are concerned bodes very well for the year ahead.

Heightened market activity will always bring about a lift in prices and the new-build sector, in particular, is helping drive this rejuvenation of the UK property market with the highest level of housing supply reaching the market in over a decade.

This supply is vital if we are to satisfy the latest surge in buyer demand however the Government has also announced yet a further boost to market sentiment via the new build sector with the launch of the First Home scheme.

Allowing first-time buyers to buy new with a notable discount in their local area will help to breathe life into the market from the ground up while keeping prices at a moderate level, at the same time helping those that have been most disadvantaged as a result of years of steep house price growth.”

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

for sale sign london
Breaking News

More sellers looking to enter the property market

The latest research from eXp UK has revealed that an increasing number of home sellers are entering the UK market, as demonstrated by recent growth in online search interest for terms such as ‘estate agent’ and ‘best estate agent’. Previous research from eXp UK recently found that sellers started reentering the market in the opening…
Read More →
Estate Agent Talk

Non-standard home insurance cover and how to get it right

Leading insurer provides the low-down on non-standard home insurance cover and how to get it right Most home insurance policies in the UK are designed for ‘standard’ homes, but not every home is considered standard. Whether the property is built with timber frames, has a flat roof or is a listed building, it may fall…
Read More →
Breaking News

Should you change mortgage lender?

The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that more than half of homeowners approaching the end of a fixed-rate mortgage are currently undecided on their future with their mortgage lender, despite notable improvements across the mortgage market over the last 12 months. The consumer insight, commissioned by Alexander Hall, surveyed 1,035…
Read More →
Breaking News

Property chains cost movers £2,000 in unexpected costs

Property ‘chain reactions’ add over £2k to moving costs on average Nearly half of home buyers who have been in property chains say they experienced delays or transaction breakdown because of related issues Problems with chains have led three in 10 to put off future moves, while one in seven say they’d only consider a…
Read More →
Breaking News

Rental demand remains resilient in 2026

The latest research from Benham and Reeves has found that around a quarter of all rental homes currently listed across Britain have already secured a tenant, highlighting continued underlying demand despite ongoing regulatory uncertainty. Benham and Reeves analysed current rental market listings to highlight current rental demand, the size of rental properties currently most in-demand…
Read More →
Breaking News

Buy-to-let lending growth matches FTBs and homemovers

The latest market analysis from Alexander Hall has revealed that buy-to-let mortgage lending has grown at an average quarterly rate of 7% over the last year, matching the pace of growth seen across both first-time buyer and home movers, as improving mortgage market conditions continue to support borrowing demand for rental properties. Alexander Hall analysed…
Read More →