House prices remain broadly flat according to Halifax
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.