Halifax report house price surge in June
July 8, 2015
According to the Halifax UK house prices picked up in the last quarter after two successive falls, with an unexpected month-on-month surge in June pushing the annual rate to 9.6%, the Halifax house price index showed prices jumped by 1.7% between May and June, the fourth consecutive monthly rise, this is contrary to other ecent surveys showing a decline in the cost of a UK home.
The annual house price growth also increased to 9.6% from 8.6% in May and is at its highest since September, this is in contrast to the Nationwide’s recent report that house prices dipped 0.2% in June, which reduced the annual rate of increase to a two-year low of 3.3%
Martin Ellis Halifax’s housing economist said “Supply remains very tight with the stock of homes available for sale currently at record low levels”.
He went on to say “This shortage has been a key factor maintaining house price growth at a robust pace so far in 2015. Economic growth, higher employment, increasing real earnings growth and very low mortgage rates are all supporting housing demand with signs of a recent modest pick-up in demand.”
You May Also Enjoy
B2L mortgage costs climb 64% in a decade
The latest research from London lettings and estate agent, Benham and Reeves, has revealed that the average monthly cost of a buy-to-let mortgage has climbed by as much as 64% over the last decade, as landlords continue to face mounting financial pressure alongside sweeping reforms introduced via the Renters’ Rights Act. Benham and Reeves…
Read More 
First-time buyers bear the brunt of mortgage mayhem
Moneyfacts UK Mortgage Trends Treasury Report data reveals that despite mortgage turmoil easing in April, first-time buyers remain under pressure from reduced choice and stretched affordability. Mortgage product choice has contracted by around 10% since the start of March, with higher loan-to-value deals (10% or less deposit or equity) falling by 14%, a blow to…
Read More 
Breaking Property News 12/5/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Commercial real estate is entering a new era powered by artificial intelligence CRE is now powered by artificial intelligence, automation, smart data, and digital-first workflows. For decades, the industry relied heavily on spreadsheets, disconnected systems, and manual administration. Today, technology is becoming central to…
Read More 
Experts highlight need for greater tenant awareness of RRA
The Renters’ Rights Act marks a radical shift in tenant protections and rights, placing a greater burden of duty of responsibility on landlords’ shoulders than ever before. Despite this, the latest research from Propoly reveals that 36% of tenants confess to having little to no knowledge about the Renters’ Rights Act, and 88% have made…
Read More 
The cities that will feel most pressure from RRA
The latest insight from Inventory Base reveals which pockets of England’s housing market are set to be most impacted by the Renters’ Rights Act, based on the proportion of local dwellings that sit within the Private Rented Sector (PRS). In one particular city centre, PRS accounts for 77% of all homes. The Renters’ Rights Act…
Read More
Breaking Property News 11/5/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Do You Really Own Your Building’s Data? Commercial real estate is becoming increasingly dependent on digital infrastructure. Every smart sensor, HVAC system, access control platform, tenant app, and connected device inside a building is generating valuable operational data. The critical question many owners still fail…
Read More