HALIFAX HPI MAY

June 7, 2016

The Halifax House Price Index released today headlines “Annual House Price Growth Unchanged at 9.2%”

Prices in the three months to May were 9.2% higher than in the same three months a year earlier.

House prices in the latest three months (March-May) were 1.4% higher than in the preceding three months.

Martin Ellis, Halifax housing economist, said: “House prices in the three months to May were 1.4% higher than in the previous quarter. The annual rate of growth was unchanged at 9.2%; the lowest since last autumn.

“Low interest rates, increasing employment and rising real earnings, continue to support housing demand. The strength of demand, combined with very low supply, is causing house prices to rise at a brisk pace in quarterly and annual terms.

“Increasing affordability issues, caused by a sustained period of higher-than-earnings house price growth, should curb housing demand and result in some slowdown in house price growth as the year progresses.”

To read the Halifax HPI 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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