House prices finished 2016 strongly says Halifax

January 9, 2017

Halifax today released their House Price Index (HPI) report for December 2016 headlined ‘Annual house price growth rises to 6.5%’

They state: House prices in the three months to December 2016 were 2.5% higher than in the three months to September 2016.

Martin Ellis, Halifax housing economist, said: “House prices finished 2016 strongly. Prices in the final quarter of the year were 2.5% higher than in the previous quarter. The annual rate of growth increased, rising for the second consecutive month, from 6.0% in November to 6.5%.

“Slower economic growth, pressure on employment and a squeeze on splendide power, together with affordability constraints, are expected to reduce housing demand during 2017. UK house prices should, however, continue to be supported by an ongoing shortage of property for sale, low levels of housebuilding, and exceptionally low interest rates. Overall, annual house price growth nationally is most likely expected to slow to 1-4% by the end of 2017. The relatively wide range for the forecast reflects the higher than normal degree of uncertainty regarding the prospects for the UK economy this year.”

Read the Halifax HPI report for December 2016 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.

You May Also Enjoy

Breaking News

How much will a Halloween Castle set you back

The latest research from Enness Global has revealed that, for those looking to follow in the footsteps of Count Dracula this Halloween, the average castle on the UK market will set buyers back around £2.2 million, requiring a deposit of £332,609 and a monthly mortgage repayment of more than £10,000. Enness Global analysed current castle…
Read More →
Breaking News

How much is a Halloween home from Hell?

Halloween homes from Hell will cost you an average of £448k The latest property market insight from Yopa reveals that Hell is the most expensive Halloween-related road name in England, but those living on a road with Lantern in the name have seen an almost paranormal property price increase of 44.8% in the past year.…
Read More →
Breaking News

Halloween house price drops hit 1 in 4 areas

The latest research from The Property DriveBuy has found that the vast majority of homeowners are in for a treat this Halloween, with just 24% of local authority areas across the UK seeing house prices fall since last October. However, homeowners in Westminster, Kensington and Ceredigion have seen the most haunting house price drops in…
Read More →
Breaking News

Nine in 10 young flat sharers say they’ve lived with a ‘housemate horror’

Leaving dirty crockery in the sink and blasting music or the TV at antisocial hours top the list of most common ‘housemate horror’ traits New types of frightful flatmates have emerged including ‘Nocturnal Gamers’, ‘Persistent Puffers’ and ‘WhatsApp Micromanagers’ 64 per cent of house-sharers say ‘horror housemates’ have cost them money by not paying their…
Read More →
Estate Agent Talk

How Local Market Trends Affect Your Home’s Selling Price

Introduction When planning to sell your home, understanding local market trends is crucial. Whether you’re working with estate agents in Selby or estate agents in Leeds, these professionals emphasize the importance of market dynamics on your home’s selling price. Local factors such as supply and demand, interest rates, and economic conditions influence property values. These…
Read More →
Breaking News

The biggest Halloween rent hikes

Revealed – Where tenants have been haunted by the biggest Halloween rent hikes The latest market analysis from London lettings and estate agent, Benham and Reeves, has revealed which areas of the rental market are haunting tenants this Halloween, having seen the largest increase in the average monthly cost of renting since this time last…
Read More →