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
Breaking Property News 26/3/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Average house prices in England are 7.6 times the median average salary The house-price-to-salary ratios in England continue to see a gradual decline post Covid-19 spike Following today’s release of the ONS Housing Affordability in England and Wales: 2025 data confirming that median average…
Read More 
Households facing £114 council tax increase
The latest research from eXp UK shows that the average household could see their council tax increase by £114 over the next year following increases of up to £986 over the past ten years. At the beginning of April, the majority of local councils are expected to put council tax up by 4.99% – the…
Read More 
UK House Price Index for January 2025
The latest index shows that: The average monthly rate of house price growth in January was -0.3%. Average UK house price annual inflation was 1.3% in the 12 months to January 2025. As a result, the average UK house price currently sits at £268,000. Here are some thoughts from the Industry. Damien Jefferies,…
Read More 
Exchange time reaches 135 days
Property transactions slow as exchange time reaches 135 days — up 45% on 2019 The time it takes to exchange contracts has risen to 135 days — 45% longer than in 2019 and 3% higher than last year — despite a drop in property transactions year-on-year, it emerged today. Novus Strategy, the transformation consultancy for…
Read More 
Industry response to latest inflation figures and its impact on housing
Industry response to UK inflation remaining at 3%. Nathan Emerson, CEO of Propertymark, comments: “Although inflation has remained steady since last month, it is important to acknowledge geopolitical tensions moving forward, and the effect such pressures may have on many households over the coming months. “Today’s news should help bring a measured sense of consistency…
Read More 
Foxtons Lettings Market Index – February 2026
Seasonal recovery as improved supply and demand indicates a return of market momentum Lettings market is showing signs of seasonal recovery as we see market activity picking up, with February performance indicating that momentum is returning following a usually quieter winter period. Renter budgets remained broadly stable, averaging £540 per week year to date…
Read More