Halifax HPI for November
Halifax House price Index released today. Quarterly house price growth eases to 1.4%
House prices in the latest three months (September-November) were 1.4% higher than in the preceding three months.
Prices in the three months to November were 9.0% higher than in the same three months a year earlier.
Commenting, Martin Ellis, Halifax housing economist, said: “House prices in the three months to November were 1.4% higher than in the previous three months. This was the smallest rise on this measure since December 2014. The annual rate eased from 9.7% in October to 9.0%.
“Solid economic growth, rising real earnings and falls in already very low mortgage rates have combined to stimulate housing demand this year.
“The increasingly acute imbalance between supply and demand is causing prices to rise at a robust pace. A situation that is unlikely to reverse significantly in the short-term.”
To see full report visit website: http://www.lloydsbankinggroup.com/media/economic-insight/halifax-house-price-index/