Halifax HPI for August
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.