Halifax HPI – House price growth hits 5% for the third consecutive month

July 8, 2019

Director of Benham and Reeves, Marc von Grundherr, commented:

 

“While it may seem as if the UK property market is treading water on a month to month basis, this short-term metric can be erratic at best and the broader picture shows that we are in a considerably better position than this time last year, with a third consecutive month registering notable levels of annual price growth above 5%.

 

Much like the recent weather, we’re seeing a seasonally inspired heatwave returning to the market with many wider indicators suggesting a more stable outlook for the year ahead. While the political forecast remains uncertain it’s unlikely to dampen this growing market momentum, as homeowners bask in the warmth of a robust property market that is yet to see any meaningful decline despite all that’s been thrown at it.”

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