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