Annual house price growth unchanged at 9.7%

    The Halifax recently released their House Price Index for February 2016. Key Facts • 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 • House prices decreased by 1.4% between January and February. This offset much of January’s 1.7% rise. Monthly house price changes can be volatile. The quarter on quarter change is a more reliable indicator of the underlying trend. • Increase in areas where homes have risen more in value than owner’s total earnings. The increase in average house prices has exceeded total average employee’s net earnings in more than a quarter of local authority districts across the UK – 108 out of 380 (28%) – over the past two years, according to recent Halifax research. Commenting, Martin...
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Annual house price growth rises to 9.7%

Prices in the three months to October were 9.7% higher than in the same three months a year earlier   House prices in the latest three months (August-October) were 2.8% higher than in the preceding three months   Commenting, Martin Ellis, Halifax housing economist, said: "House prices in the three months to October were 2.8% higher than in the previous three months. This was slightly above the average of 2.5% on this measure over the first nine months of the year. The annual rate increased from 8.6% in September to 9.7%. “Improving economic conditions and household finances, together with sustained low mortgage rates, have boosted housing demand during 2015. Strengthening demand is filtering through in to higher sales levels although the ongoing shortage of supply is acting as a significant constraint on activity. “The imbalance between supply and demand is likely to persist over the coming months, maintaining upward pressure...
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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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Annual house price growth rises to 9.0%

  The Halifax recently released their House Price Index for August 2015. House prices in the latest three months (June-August) were 3.0% higher than in the preceding three months Prices in the three months to August were 9.0% higher than in the same three months a year earlier The average monthly costs associated with buying a three bedroom house in the UK for a first-time buyer are £56 lower than the typical monthly rent paid Commenting, Martin Ellis, Halifax housing economist, said: "House prices in the three months to August were 3.0% higher than in the previous quarter. This measure of the underlying rate of house price increased from last month’s 2.5% but remained below June’s 3.3%. “The underlying pace of house price growth is strong. The shortage of secondhand properties for sale on the market is resulting in upward pressure on house prices. At the same time, economic recovery,...
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Housing supply remains tight

  The Halifax released their House Price Index for June 2015.   Commenting, Martin Ellis, housing economist, said: "House prices in the three months to June were 3.3% higher than in the preceding three months. This measure of the underlying rate of house price growth picked up following two successive falls. Annual house price growth also increased to 9.6% from 8.6% in May and is at its highest since September 2014. “Supply remains very tight with the stock of homes available for sale currently at record low levels. This shortage has been a key factor maintaining house price growth at a robust pace so far in 2015. Economic growth, higher employment, increasing real earnings growth and very low mortgage rates are all supporting housing demand with signs of a recent modest pick-up in demand.” Key facts • House prices in the latest three months (April-June) were 3.3% higher than in...
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Supply remains tight says the Halifax HPI

House prices in the three months to March were 2.6% higher than in the previous three months. This measure of the underlying rate of house price growth increased for the third consecutive month in March. Annual price growth, however, fell slightly again, from 8.3% in February to 8.1%, and is comfortably below last July’s peak of 10.2%.
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January shows bounce back in house price growth

House prices in the latest three months (November-January) were 1.9% higher than in the previous three months (August-October). The quarterly rate of change increased for the first time since July 2014, but remained below the rates recorded between June and September last year.
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Halifax HPI shows weakening demand for property

Activity continues to decline with mortgage approvals in September falling for the third successive month to a 14 month low, whilst home sales are at their lowest level since October 2013. The associated weakening in demand has brought supply and demand into better balance. Says Martin Ellis, Housing Economist
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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 firm house price growth for July

Halifax has report firm growth in July on the monthly, quarterly and annual figures. Key facts: The monthly house price growth was +1.4% in July, being the fourth monthly increase since December. However there have also been four monthly falls - which just demonstrates the volatile nature on the monthly change The more stable quarterly figures report a +3.6% increase in the months May-July 2014 compared to the preceding three months. The annual uk house price increase was 10.2% for the three months to July against the same period in 2013. The average house price therefore stands at £186,322 Commenting, Stephen Noakes, Mortgages Director, said: "House prices in the three months to July were 3.6% higher than in the three months to April. Annually prices were 10.2% higher in the three months to July than in the same three months last year. "While supply remains low, housing demand continues to...
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Top Tips for Investing by the Sea

There’s probably not a British person alive who doesn’t look back with fondness on happy childhood days spent playing at the seaside. In fact, it’s almost certain that this sense of nostalgia has something to do with the popularity of seaside holidays in the UK, where every year hundreds of thousands of Brits will forgo a foreign excursion. In favour of a more traditional vacation in places such as Blackpool and Southend, whose popularity soared with the advent of ‘pleasure palaces’ in the Victorian era.
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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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January sees continued rises of house prices

The start of 2014 has proven to be very positive with further rises in house prices, continuing the increases seen in 2013. In the month of January UK house prices increased by of 0.7% compared to December 2013 and 8.8% over the whole year.
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Halifax HPI finishes 2013 Strong

Halifaxs final House price Index for 2013 report a strong finish to the year, which was also seen by rightmove.co.uks HPI released earlier this month. 2013 final quarter house prices were 1.9% higher than the previous quarter. This more stable and reliable figure throughout the preceding 6 months has been in the range 1.8 to 2.1%
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Why not become a property educator yourself?

In a post-credit crunch, post-recession world, property has fallen out of favour for many people and they have forgotten what a great investment it can be. Seize this opportunity to educate them about how things are now, and how they can capitalise on that. It might be that up until now, you’ve only thought about investing in property, but there is a great deal of money to be made in educating others in how to do that. With an increase in house prices of 6% to June this year (Halifax) and a predicted recovery in the economy over the next two years (PriceWaterhouseCoopers) now is the time to start educating people in how they can make money in the property niche. If you are not already speaking about property, what’s stopping you? If you already use speaking as part of your marketing mix, are you seeing good conversions from it?...
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Steady rise in house prices seen by Halifax

Halifax yesterday announced its July 2103 House Price Index and sees a steady rise in house prices continuing.
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House prices continue their annual rate increase

House prices increased by 0.6% in June. This was the fifth consecutive monthly rise. In the 2nd quarter of 2013, house prices were 2.1% up on the first quarter of the year (January-March). This was the biggest increase on the 3 month measure since January 2010 (2.9%).
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