Halifax HPI September
According to the Halifax House Price Index for September annual house price growth eases to 8.6%.
Prices in the three months to September were 8.6% higher than in the same three months a year earlier.
House prices in the latest three months (July-September) were 2.0% higher than in the preceding three months.
Commenting, Martin Ellis, Halifax housing economist, said: “House prices in the three months to September were 2.0% higher than in the previous quarter. This measure of the underlying rate of house price fell from last month’s 3.0%, to its lowest since May. The annual rate eased from 9.0% to 8.6%.
“Housing demand has been strengthening recently, underpinned by economic growth, rising real earnings and very low mortgage rates. Increasing demand is combining with very low supply to drive robust underlying house price growth. There is little reason to expect any fundamental shift in the key market drivers over the coming months.”
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