Halifax HPI January 2016

Halifax HPI for January shows house price quarterly growth at 2.2%

Prices in the three months to January were 9.7% higher than in the same three months a year earlier.

Commenting, Martin Ellis, Halifax housing economist, reportedly said: “House prices in the three months to January were 2.2% higher than in the previous three months. This was higher than in the two preceding months when this measure was below 2.0%.

“The imbalance between supply and demand continues to exert significant upward pressure on house prices. This situation looks set to persist over the coming months. Further ahead, increasing affordability issues, as price increases continue to exceed wage growth, are likely to curb housing demand and cause price growth to ease.”

To see the report in full click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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