Halifax HPI for August
September 10, 2015
Halifax House Price Index figures for the month of August released today show that house prices for the UK in the 3 months to August were 9% higher than in the 3 months a year earlier, lower than June at 9.6%, but higher than last month at 7.8%, house prices increased by 2.7% between July and August, the biggest rise since May 2014 at 3.8%
House prices in the last 3 months June to August were 3% higher than the preceding 3 months March to May, the quarterly rate of change increased from July’s 2.5% but remained below June’s 3.3%
Buying is still cheaper than renting, the average monthly costs associated with buying a three bedroom house in the UK for a first-time buyer are £56 lower than the typical monthly rent paid. Home sales fell in July, mortgage approvals rise again in July, supply remains low.
Commenting, Martin Ellis, Halifax housing economist, said: “House prices in the three months to August were 3.0% higher than in the previous quarter. This measure of the underlying rate of house price increased from last month’s 2.5% but remained below June’s 3.3%.
“The underlying pace of house price growth is strong. The shortage of secondhand properties for sale on the market is resulting in upward pressure on house prices. At thesame time, economic recovery, real earnings growth and very low mortgage rates are supporting housing demand.Strengthening demand and highly constrained supply are likely to mean that house price growth continues to be robust in the short-term.”
For full details: http://www.lloydsbankinggroup.com/media/economic-insight/halifax-house-price-index/
.
.
You May Also Enjoy
Right to Manage: changes to legislation come into effect on Monday
On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
Read More 
Fall in construction workloads, warns Federation of Master Builders
Workloads for small building companies fell by 8% in the last three months of 2024, according to the latest Q4 2024 State of Trade Survey from the Federation of Master Builders (FMB). Brian Berry, Chief Executive of the FMB said, “The latest State of Trade Survey, looking at SME construction activity during the last three…
Read More 
Propertymark response to latest HMRC UK property transactions report
Nathan Emerson, CEO of Propertymark, comments: “Upcoming threshold changes regarding Stamp Duty for those buying in England and Northern Ireland will no doubt have had people aiming to complete with a higher degree of urgency than normal on their new home before the April deadline. “Overall, the figures represent an encouraging underpinning for the housing…
Read More 
Nationwide House Price Index – Thoughts from the Industry
Latest data from Nationwide showing property prices have risen by 3.9%, here are some thoughts from the industry. Nathan Emerson, CEO of Propertymark: “Year on year it is positive to see progression within the housing market, and it is encouraging to see momentum continue as we head further into 2025. There are still aspects to…
Read More 
Nationwide HPI – House price growth remains solid in February
Annual rate of house price growth remained broadly stable in February at 3.9%, compared with 4.1% in January House prices up 0.4% month on month Recovery in housing market transactions in 2024 Headlines Feb-25 Jan-25 Monthly Index* 543.7 541.6 Monthly Change* 0.4% 0.1% Annual Change 3.9% 4.1% Average Price (not seasonally adjusted) £270,493 £268,213 *…
Read More 
What’s the Best Sofa for a Cozy Winter Living Room?
Winter transforms living rooms into sanctuaries of warmth and comfort, with the sofa playing a central role in creating that cozy atmosphere. A well-chosen sofa can make the difference between a merely functional space and a truly inviting winter retreat. The ideal winter sofa combines deep, plush cushioning with durable materials like velvet or high-performance…
Read More