House prices remain broadly flat according to Halifax

July 6, 2018

Latest Halifax House Price Index report released today headlines ‘Annual House Price Growth Remains Flat at 1.8% in June’.

Russell Galley, Managing Director, Halifax, said:
“House prices continue to remain broadly flat, with the annual rate of growth marginally slowing from 1.9% in May to 1.8% in June.

“Activity levels, like house price growth, have softened compared with the final months of last year. Mortgage approvals have been in the low range of 63,000 to 67,000 since the start of the year, whilst home sales have remained flat so far this year. This is in contrast to the continuing strength of the UK jobs market with job creation still strong and pressure on household finances easing as real income growth edges up.

“At the half way stage of the year the annual rate is within our forecast range of 0-3% for 2018. We continue to see very positive factors of continuing low mortgage rates, great affordability levels and a robust labour market. The continuing shortage of properties for sale should also continue to support price growth.”

Read the Latest Halifax House Price Index report 6th July 2018 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

Rightmove logo
Breaking News

Autumn Budget doesn’t dampen commercial property outlook for 2026

Demand in both leasing and investment remained in largely positive territory, despite Budget uncertainty Industrial sector continued to lead the way with demand to lease up  11% year on year and demand to invest up 12% 2026 outlook shows positive signs alongside predicted interest rate cuts Demand in terms of both leasing and investment for commercial…
Read More →
How to add value to your home
Breaking News

Stabilising house prices and falling mortgage rates offer renewed hope for first-time buyers

Propertymark says forecasts of modest house price growth in 2026, alongside falling mortgage rates, point towards a housing market that is beginning to stabilise, offering renewed hope for first-time buyers, while wider affordability challenges remain. As lenders continue to reduce mortgage rates following improved market conditions, monthly repayments are becoming more manageable for aspiring homeowners.…
Read More →
Breaking News

Inheritance tax receipts rise as government performs partial U-turn on relief rules

Inheritance tax (IHT) receipts reached £6.6 billion in the first nine months of the 2025/26 tax year, according to data released by HM Revenue & Customs (HMRC) this morning. That figure is £200 million higher than the same period last year and continues a steady upward trend that has persisted for more than two decades.…
Read More →
Breaking News

Breaking Property News 22/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X. Why are most proptechs Unsaleable? Structural issues rooted in how proptechs are conceived, built, and taken to market stops an exit or IPO   (Thought Leadership by Andrew Stanton CEO Proptech-PR) The proptech sector has matured rapidly over the past decade. Capital has flowed in, incumbents have launched…
Read More →
Breaking News

Nationwide extends six times lending to home movers and remortgage

Nationwide enhances support for people looking to move up the property ladder or get a new mortgage deal Five-fold increase in Nationwide loans to first-time buyers at or above 5.5x income in 2025, compared to 2024 Increased first-time buyer support follows regulatory changes to improve affordability Nationwide is today announcing a major boost to the…
Read More →
Breaking News

Breaking Property News – 21/1/2026

Daily bite-sized proptech and property news in partnership with Proptech-X.   Jon Cooke steps down as Non-Executive Director at GPEA Jon Cooke will continue to focus on innovation within the property sector Jon Cooke has stepped down from his role as Non-Executive Director at GPEA, the business that owned Fine & Country and The Guild…
Read More →