Today’s Halifax House Price Index – Immediate Comments

Marc von Grundherr, Managing Director of Benham and Reeves, a London estate agency with 17 offices:

“Are we seeing a further indictment of Brexit paralysis? Or is this a seasonal blip given that the summer months simply tend to see lower demand? I favour the latter especially given that the numbers that we really should focus upon here are the quarterly and annual figures. For the UK property market to have seen year on year growth of over 4% despite the best endeavours of our politicians to de-rail public sentiment, has to be viewed as at least resilient – perhaps even astonishing”.

 

Shepherd Ncube, CEO of Springbok Properties, the national estate agency and ‘fast sale’ business:

The problem with these indexes is that they paint a very generalised picture of the property market. Almost nowhere in the UK is performing at the ‘averages’ seen here with London and the South East continuing to drag the national data down with significant decreases in value. The north though, in contrast, is indeed a powerhouse currently with house prices running ahead at ‘non-Brexit’ rates. Is it a coincidence, I wonder, that many of these areas were Leave voting?

Regardless, my money’s on a post-Brexit bounce and, should the new PM actually deliver an EU exit on October 31st, whilst this may not sit well for many, it will at least draw a line in the sand for hesitant house buyers and sellers and perhaps restore our battered market to some normality thereafter’.    

 

Colby Short, CEO of GetAgent, the estate agency comparison website says this:

‘The media may well report today’s Halifax numbers as doom and gloom given the monthly drop. But is property a safe bet in the long term? History tells us that this is so and frankly, perhaps we should pay less attention to the numerous indexes that are forced down our throats as starkly indicative when, actually, they affect only those looking to sell right now and, in this market, that’s far fewer people than is usual’. 

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Damaged timber from Dry Rot
Estate Agent Talk

Mould and damp – what you need to know ahead of winter

With the winter months just round the corner, problems with damp and mould can become far more prominent. Autumntime is when many people turn on central heating systems and choose to close windows, preventing fresh air ventilation needed to allow damp air to leave a property. Unfortunately, the combination of warm and damp air can…
Read More
Breaking News

Rental price and average salary tracker – September 2025

London and South East see biggest dips in required rental salary year-on-year London and the South East saw the sharpest dips year-on-year in the average salary needed in order to rent the average home in that area. London saw a 4.2% drop, whilst the South East saw a decline of 2.9%. Yorkshire and Humberside saw…
Read More
buying at auction uk
Breaking News

The cities where buying beats renting – with just a 5% deposit

British first-time buyer mortgage payments are typically 17% cheaper than renting, even with a low 5% deposit The average 5% deposit is £11,412 based on a typical first-time buyer property price of £228,233 Among major cities outside London, the biggest gap between owning and renting is in Glasgow, where buyers could save more than £4,750…
Read More
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Rates Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.51% +0.00% -0.37% 5-year fixed 4.55% +0.01% +0.01%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.77% +0.05% -0.07% 5-year fixed 3.97% +0.10% +0.29%   Average…
Read More
Rightmove logo
Breaking News

Data and commentary from Rightmove on stamp duty reforms

Colleen Babcock, Rightmove’s property expert said: “We’ve been calling for stamp duty reform for some time now, as it’s a significant barrier for many people moving home. Abolishing it completely would remove one of the biggest barriers to moving, unlocking more moves at all stages of the property ladder. “Our data shows that only 5%…
Read More
Breaking News

Second-time buyers dominate demand for longer term fixed mortgage deals

Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1…
Read More