Halifax releases (HPI) April

May 9, 2016

Released today the Halifax House Price Index (HPI) for April, annual house price growth eases to 9.2%.

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

House prices in the latest three months (February-April) were 1.5% higher than in the
preceding three months.

Commenting, Martin Ellis, Halifax housing economist, said: “House prices in the three months to April were 1.5% higher than in the previous quarter, this rate has halved from 2.9% in March. The annual rate of growth eased from 10.1% to 9.2% in April. Both the quarterly and annual rates are at their lowest since last autumn.

“Current market conditions remain very tight as the severe imbalance between supply and demand persists. This situation, combined with low interest rates and rising employment and real earnings, should continue to push house prices up over the coming months.

”Weakening sentiment regarding house price prospects and a dip in consumer confidence, however, suggest that annual house price growth may ease.”

To read the Halifax April 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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