Halifax HPI shows lowest rate of annual growth since 2013

The latest Halifax House Price Index shows that prices are up 0.4% monthly, although they have dropped -0.7% over the quarter. While they are also up 1.8% annually, this is the lowest rate of annual growth since March 2013. Russell Galley, Managing Director, Halifax, said: “House prices continue to remain broadly flat, as they have since the end of last year. The annual rate of growth has slowed from 2.2% in January to 1.8% in February, the lowest rate of growth since March 2013. “The labour market continues to perform strongly with the number of people in employment rising by 88,000 in the three months to December. Notably, this is almost entirely accounted for by full-time jobs. The strength of the jobs market may finally be benefitting wage growth, with the annual growth rate accelerating from 2.3% in November to 2.8% in December. However, earnings are rising at a slower...
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Quarterly house price growth remains below 2%

Halifax have released their House Price Index for December 2015. House prices in the latest three months (October-December) were 1.6% higher than in the preceding three months. Prices in the three months to December were 9.5% higher than in the same three months a year earlier. House prices increased by 1.7% between November and December. This maintained the fluctuating monthly house price pattern seen during the second half of 2015. The quarter on quarter change is a more reliable indicator of the underlying trend. Housing Activity Home sales up on a year ago. UK home sales during September to November were 5.2% higher than in the same three months last year. Sales were also 1.4% higher than in the preceding three months despite a 5.7% decline between October and November. (Source: HMRC, seasonally adjusted figures) Mortgage approvals on a steady upward trend. The volume of mortgage approvals for house purchases...
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Comment on the latest Halifax HPI

According to the latest Halifax House Price Index, UK house prices have increased by +2.8% on the last quarter, up nearly +10% on this time last year. Founder and CEO of eMoov.co.uk, Russell Quirk, commented: “The continued rise in house prices across the UK won’t come as a surprise to many. The nation are currently experiencing one of the most comfortable economic periods in quite some time, with interest rates at a record low and looking to stay that way until next year at least. There is no doubt that the main driving factors behind this uplift are the abundance of more affordable mortgage products on the market, as well as the continuous elephant in the room of a general lack of housing in Britain, affordable or otherwise, due to inventory levels hitting an all time low. Although this might make good reading for many homeowners who are due to benefit...
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House prices rose by 0.6% between August and September

The September Halifax House Price Index reports that house sales in the latest 3 months (April to June 2014) were 2.7% higher than the previous 3 months (July to September 2014).   The September Halifax House Price Index reports that house sales in the latest 3 months (April to June 2014) were 2.7% higher than the previous 3 months (July to September 2014).   Commenting, Martin Ellis, housing economist, said:   "House prices in the three months to September were 2.7% higher than in the preceding three months.   This was the second successive decline in the quarterly rate. Annually, prices were 9.6% higher in the three months to September than in the same three months last year; similar to last month (9.7%) and below July’s 10.2%. "The recent rapid rise in house prices in some parts of the UK, earnings growth that remains below consumer price inflation and the possibility of an...
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House prices 2.7% higher than previous quarter

The Halifax House Price Index shows that in the three months to September 2014 house prices were 2.7% higher than in the three months to June.
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Continued growth seen in August Index

The Halifax house price index for August sees continued growth over the three main period comparators. Quarterly house price change, the more stable short term indicator, saw a postive 3% change in the months June to August 2014.
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Halifax sees house prices rise by 2.3%

Halifax House Price Index released today shows that house prices have risen over the three months to April 2014, although they have fallen back a bit over the month. Key Facts Over the month house prices have fallen by -0.2%, however the three months to April they were 2.3% higher than the previous 3 months The past eleven months have seen a steady growth between 1.8% and 2.3% The prices over the three months to April were 8.5% higher than the same period in 2013. The average house price now stands at £177,648 Commenting, Stephen Noakes, Mortgages Director, said: "House prices in the three months to April were 2.3% higher than in the three months to January. Annually prices were 8.5% higher in the three months to April than in the same three months last year. However, prices fell marginally during the month representing a second successive monthly decline. "Although mortgage...
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Halifax sees fall in UK House Prices

Halifax house price index for March sees the first fall in house prices since December 2013, however this is only the 2nd fall in Monthly prices over the least year.
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Small increase in average house price in May according to Halifax

The Halifax House Price Index (HPI) for May has recently been reported and shows a modest increase in house prices by 0.4% in May. This was the fourth consecutive monthly rise.
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Average House Price up over the three months to April

The Halifax House Price Index for April 2013 see and increase of 1.3% over the three months to April 2013, more than in the previous three months. They also report a 3rd subsequent monthly rise of the average house price, the largest move being in April. Key facts Average house price increased by 1.1% in April following a rise of 0.5% in February and 0.4% in March Average house price now stands at £166,094 House prices in the latest three months (February-April) were 1.3% higher than in the previous three months (November 2012-January 2013). This was the fifth consecutive increase in this measure and was slightly higher than the 1.2% rise recorded last month. Prices in the three months to April were 2.0% higher than in the same three months a year earlier. This was the fourth consecutive rise in this annual measure with a pick-up from 1.1% in March, to...
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Halifax sees different to Nationwide, with an HPI Increase

The Halifax House Price Index for March 2013 reports a slightly different picture to that of the Nationwide HPI also released recently. Where as Nationwide saw a static market, Halifax has on the other hand seen an increase in the average house price in March.
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Average House Price increases in Febraury

  Halifax House Price Index for February 2013 shows a increase in House Prices, an improvement on the start to 2013.   Key Facts: The average house price was 1.9% higher than in the previous 3 months and also 1.9% higher than a year ago. The Increase in February was 0.5% which followed a small fall in January of-0.3% This puts the average price at £163,600 Commenting, Martin Ellis, housing economist, said: "The housing market continued to provide evidence of improvement in February. Prices in the three months to February were 1.9% higher than in the previous three months. This was the third successive increase in this measure of the underlying trend. Prices were also 1.9% higher than in the same period a year ago. "House sales also continue on a modest upward trend. This increase in both house prices and activity in recent months is consistent with evidence of...
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2nd HPI also shows 2013 gets off to a good start

House prices in the three months to January were 1.9% higher than in the previous three months according to the latest Halifax house Price Index. Key facts House prices in the latest three months (November 2012-January 2013) were 1.9% higher than in the preceding three months (August 2012-October 2012). This was the second successive increase in prices on this measure of the underlying trend and the biggest rise for three years since January 2010 (2.9%). Prices in the three months to January were 1.3% higher than in the same three months a year ago. This was the first rise in this annual measure since October 2010 (1.2%). House prices fell by 0.2% in January. This followed successive rises in November and December. Activity at its highest for five years. Home sales increased by 5% in 2012 to 932,000; the highest annual total since 2007 (1,619,000). Sales in the final three...
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House prices in the three months to November were 0.7% lower than in the previous three months according to the latest Halifax House Price Index.
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Halifax sees house prices decreasing

The average house price was -1.2% lower in the three months to October against the preceding three months average.
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Halifax continues to see little change in House Prices

The recent Halifax House Price Index for August shows little change in the house prices in the UK – a continuing pattern over the first eight months of this year.
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Average House Prices remain stable - basically flat

The Halifax House price Index for July shows a continuing picture of a flat UK Housing Market, which considering the wider external pressures on the economy is good that it is at least relatively stable. The Average House Price in July was recorded down by -0.6%, however this follows two consecutive months of price rises, so was that not surprising. Key Facts and Figures are: The average UK House Prices is £161,094 So far this year there have been four monthly prices and three falls. Over the more stable three months period leading up to July, the prices were unchanged against the previous three months The yearly change in house prices in July 2012 compared to July 2011 show a fall of -0.6% Nationally house prices are at a similar level as they were in the summer of 2009 Commenting, Martin Ellis, housing economist, said: "The underlying trend in house prices...
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Halifax HPI sees normal Tiny Increase

Average house prices increase slightly by 0.5% in the month of May. The average UK house price in May 2012 was £160,941 - 0.7% higher than in December 2011.
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House prices fall in April

The Halifax House Price Index (HPI) for April indicates a considerable fall in the average house price in April, by -2.4%. However the more stable quarterly figure is static at +0.3%. Key points of the release are: On a monthly basis, house prices fell by 2.4% in April. This more than offset the previous months 2.2% increase as prices continue to fluctuate month-to-month. House prices in the three months to April were 0.3% higher than in the preceding three months (November 2011-January 2012). This was the first increase in prices on this measure of the underlying trend since September 2011 (0.1%), following six successive falls. Prices in the three months to April were 0.5% lower than in the same period a year earlier. This measure of the annual rate improved slightly from -0.6% in March and showed the smallest fall in prices since October 2010 (+1.2%). No change in the...
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