Halifax House Price Index

  Halifax have released their House Price Index for July.  House prices in the three months to July 2016 were 1.6% higher than in the three months to April 2016.  Annual house price growth unchanged at 8.4% Prices in the three months to July were 8.4% higher than in the same three months of 2015 House prices in the last three months (May-July) were 1.6% higher than in the preceding three months Martin Ellis, Halifax housing economist, said: “House prices in the three months to July were 1.6% higher than in the previous quarter; up from 1.1% in June but comfortably lower than earlier in the year. The annual rate of growth was unchanged at 8.4%; the lowest since July 2015. "There are signs that house price growth is slowing with a deceleration in both the annual and quarterly rates of increase in the past few months. Nonetheless, the current...
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House price growth steady in July

  The Nationwide have released their House Price Index for July.   House prices increased by 0.5% in July Annual house price growth similar to last month at 5.2%  Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said: “UK house prices increased by 0.5% in July and, as a result, the annual rate of house price growth was little changed at 5.2%, compared with 5.1% in June. “This is the first month’s data following the EU referendum. However, it is important to note that, in constructing the index, we use data at the mortgage offer stage – this means any impact from the vote may not be fully evident in July’s figures, as there is a short lag between a buyer making the decision to purchase a property and applying for a mortgage. Housing market outlook unusually uncertain “It will be tempting for commentators to assign any trends in...
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Buy-to-let ignites chain reaction, driving prices to record high

  Average price of property coming to market up by 1.3% (+£3,843) to set a record high of £307,033 Rush from investors to buy before April 1st helped to ignite an onward chain reaction: Stamp duty deadline gave early impetus to bottom of the market and had knock-on effect of energising the higher sectors of the market This month’s rise is driven by second-stepper and top of the ladder sectors, while smaller properties in first-time buyer/buy-to-let sector see monthly price drop of 1.4% While buy-to-let momentum at the bottom of the market has now dropped away, demand remains high with record visits on Rightmove in March; will first-time buyers take this opportunity to fill the void? Overview The average price of property coming to market is at another all-time high, up by £3,843 to a new record of £307,033. The Chancellor’s autumn statement and announcement of the April buy-to-let stamp...
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ONS release their February 2016 House Price Index

  UK house prices increased by 7.6% in the year to February 2016, down from 7.9% in the year to January 2016. House price annual inflation was 8.2% in England, 2.8% in Wales, -0.8% in Scotland and 2.4% in Northern Ireland. Annual house price increases in England were driven by an annual increase in the South East (11.4%), the East (10.3%) and London (9.7%). Excluding London and the South East, UK house prices increased by 5.0% in the 12 months to February 2016. On a seasonally adjusted basis, average house prices increased by 0.4% between January 2016 and February 2016. In February 2016, prices paid by first-time buyers were 8.0% higher on average than in February 2015. For owner-occupiers (existing owners), prices increased by 7.4% for the same period.   Rob Weaver, director of Investments at property crowdfunding platform Property Partner, comments: “Despite a slight softening in the housing market,...
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£300,000 milestone passed as price of newly-marketed homes hits new high

    As demand soars and supply remains tight, the average price of a property coming to market in England and Wales passes £300,000 for the first time Challenges facing both first-time buyers and those trading up highlighted by 50% increase in just 10 years: £100,000 jump in new seller asking prices from £200,980 in March 2006, to £303,190 today Affordability constraints emphasised by average wage growth of only 22%1 over last 10 years 3% price jump in March (+£3,903) is second-highest at this time of year since the 2008 credit crunch Momentum spreads north and west with six out of ten regions setting record price highs this month London no longer leads the pack as prices stand still The mismatch between supply and demand has resulted in six new record highs over the past twelve months in the price of property coming to market. However, this month sees a...
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Annual house price growth unchanged at 9.7%

Halifax recently released their House Price Index. Prices in the three months to February were 9.7% higher than in the same three months a year earlier House prices in the latest three months (December-February) were 3.0% higher than in the preceding three months Commenting, Martin Ellis, Halifax housing economist, said: "House prices in the three months to February were 3.0% higher than in the previous three months whilst the annual rate remained unchanged at 9.7%. “Prices continue to rise at a robust pace driven by a significant imbalance between supply and demand. Whilst this position is likely to continue over the coming months, there are some tentative signs that the supply situation may be beginning to improve. Instructions for secondhand properties coming up for sale have increased in the past two months and the level of housebuilding increased significantly in 2015. Further ahead, increasing affordability issues, as house price increases...
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ONS House Price Index: December 2015

The ONS have just released their House Price Index for December 2015. Main points UK house prices increased by 6.7% in the year to December 2015, down from 7.7% in the year to November 2015. House price annual inflation was 7.3% in England, 1.0% in Wales, -0.2% in Scotland and 1.5% in Northern Ireland. Annual house price increases in England were driven by an annual increase in the East (9.7%), London (9.4%) and the South East (8.8%). Excluding London and the South East, UK house prices increased by 4.6% in the 12 months to December 2015. On a seasonally adjusted basis, average house prices decreased by 0.2% between November 2015 and December 2015. In December 2015, prices paid by first-time buyers were 6.4% higher on average than in December 2014. For owner-occupiers (existing owners), prices increased by 6.9% for the same period.
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Good news for first-time buyers

Active start to 2016 and surprisingly good news for first-time buyers Price of property coming to market up 0.5% (+£1,509), the second highest Christmas/New Year period rise since 2007 First snapshot of 2016 sees demand surge with Rightmove visits up 21% in first working week of 2016 compared to same period in 2015 Welcome and unexpected surprise for first-time buyers with more fresh property choice and price standstill. The first snapshot of prices, demand and supply in 2016 shows that all have increased over the period, indicating an active year ahead. The price of property coming to market is up by 0.5% (+£1,509) on last month, the second highest rise at this time of year since 2007. Demand as measured by visits to the Rightmove website in the first working week of 2016 is up by 21% on the same period in 2015. There is welcome and unexpected news for...
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January 2016 Property Trends Infographic

Rightmove’s January House Price Index revealed that the price of property coming to market is up 0.5% (+£1,509), the second highest Christmas/New Year period rise since 2007.
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UK House Prices increase

   The ONS have just released their House Price Index for September 2015. Main findings -UK house prices increased by 6.1% in the year to September 2015, up from 5.5% in the year to August 2015. -House price annual inflation was 6.4% in England, 1.1% in Wales, 1.1% in Scotland and 10.2% in Northern Ireland. - Annual house price increases in England were driven by an annual increase in the East (8.4%) and the South East (7.4%). - Excluding London and the South East, UK house prices increased by 5.0% in the 12 months to September 2015. - On a seasonally adjusted basis, average house prices increased by 0.8% between August and September 2015. - In September 2015, prices paid by first-time buyers were 4.3% higher on average than in September 2014. - For owner-occupiers (existing owners), prices increased 6.9% for the same period. House price index by region The...
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