Halifax (HPI) July

August 5, 2016

Halifax releases today its House Price Index (HPI) for July headlined ‘Annual house price growth unchanged at 8.4%’
House prices in the three months to July were 8.4% higher than in the same three months of 2015.

House prices in the last three months (May-July) were 1.6% higher than in the preceding three months.

Martin Ellis, Halifax housing economist, said: “House prices in the three months to July were 1.6% higher than in the previous quarter; up from 1.1% in June but comfortably lower than earlier in the year. The annual rate of growth was unchanged at 8.4%, the lowest since July 2015.

“There are signs that house price growth is slowing with a deceleration in both the annual and quarterly rates of increase in the past few months. Nonetheless, the current rates remain robust.

“July’s monthly decline largely offsets June’s increase. The month-on-month changes, however, can be erratic and falls often occur within an upward trend.
Overall, it remains too early to determine if there has been any impact on the housing market as a result of June’s EU referendum result”.

read the Halifax (HPI) July 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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