Land Registry HPI shows prices have risen 0.1%

The Land Registry have just released the House Price Index for May 2018. The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland. The May data shows: on average, house prices have risen by 0.1% since April 2018 an annual price rise of 3%, which makes the average property in the UK valued at £226,351 UK house prices have risen by 3.0% in the year to May 2018, down from 3.5% in the year to April 2018. This is the lowest UK annual rate since August 2013 when it was also 3.0%. Looking at the regional level, the East Midlands was the fastest growing region with an annual house price growth rate of 6.3%, up from 5.1% in the previous month. London was the slowest growing region, falling by 0.4% in the year to May 2018, down from -0.3% in the previous...
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Indicators show that market is returning to full health

The HM Land Registry have just released their latest House Price Index (HPI) Headline statistics for February 2018 The average price of a property in the UK was £225,047 UK house prices grew by 4.4% in the year to February 2018, down from 4.7% in the year to January 2018. Looking at the demand for housing, the Royal Institution of Chartered Surveyors’ (RICS) reported their new buyer enquiries series fell for the 11th consecutive month, with a net balance of -16% of respondents reporting a fall in demand.  At the country level, the largest annual price growth was recorded in Scotland, where house prices increased by 6.2% over the year to February 2018. Wales saw house prices increase by 4.8% over the last 12 months.  In England, the average price increased by 4.1% over the year. The average price in Northern Ireland increased by 4.3% over the year to quarter 4...
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ANNUAL HOUSE PRICE GROWTH SLOWS TO 2.2%

Halifax have just released their latest House Price Index (HPI). • Prices in the last three months to January were 2.2% higher than in the same three months a year earlier, although the annual change in January was lower than in December (2.7%) • House prices remained unchanged in the recent quarter (November-January) from the previous quarter (August-October); on this measure prices are down from the 1.3% quarterly rise recorded in December • On a monthly basis, prices fell for the second consecutive month in January (by 0.6% following a 0.8% decrease in December) • The average price of £223,285 at the beginning of the year is 1.9% higher than in January 2017 (£219,217), however, the current price has edged down after recording £226,408 – highest on record – in November Russell Galley, Managing Director, Halifax Community Bank, said: “Annual house price rises have slowed from 2.7% in December to 2.2% in...
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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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Prices and demand at all-time highs as Year of the First-Time Buyer kicks in

Rightmove released their House Price Index for February 2016. Key Facts: Price of property coming to market increases by a substantial 2.9% (+£8,324) this month, hitting a new record of £299,287 and surpassing the record set in October 2015 by over £2,700 Housing demand higher than ever as Rightmove traffic hits record levels, with visits up nearly 20% year-on-year in January Encouraging 5% uplift in new properties coming to the market compared to same time last year resulting in the highest total number of newly-listed properties at this time of year since the 2008 credit crunch The Year of the First-Time Buyer: Government initiatives and low interest rate outlook now aligning with more property choice for first-time buyers, with 10% year-on-year jump in the number of two beds or fewer coming to market Overview The price of property coming to market has hit a new record less than two months...
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February 2016 Property Trends Infographic

Rightmove’s February House Price Index revealed that prices and demand are at an all-time high as the year of the first-time buyer kicks in.  
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UK House Prices Increased by 7.7%

The Office for National Statistics (ONS) have recently released their House Price Index for November 2015. Main findings UK house prices increased by 7.7% in the year to November 2015, up from 7.0% in the year to October 2015. House price annual inflation was 8.3% in England, 1.3% in Wales, 0.4% in Scotland and 4.6% in Northern Ireland. Annual house price increases in England were driven by an annual increase in the East (10.2%), the South East (9.8%) and London (9.8%). Excluding London and the South East, UK house prices increased by 5.8% in the 12 months to November 2015. On a seasonally adjusted basis, average house prices increased by 0.8% between October and November 2015. In November 2015, prices paid by first-time buyers were 7.4% higher on average than in November 2014. For owner-occupiers (existing owners), prices increased by 7.8% for the same period.
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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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December Property Trends

Rightmove’s December House Price Index revealed the strongest December since 2006 as Rightmove forecasts 6% rise next year.  
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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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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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August property trends infographic

Rightmove’s August House Price Index reported the strongest August market since credit crunch as sellers stay away.
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June property trends infographic

Rightmove’s June House Price Index reported that the price of property coming to market rebounds to all-time high as majority-government surprise leads to biggest ever rise in month of June, up 3.0% (+£8,460) to £294,351 Our infographic provides a breakdown of how prices are performing across each region and property type.
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Average house price £179K in England and Wales

Annual growth of 5.1 per cent in April brings the average house price in England and Wales to £179,817 The Land Registry have released their House Price Index for May 2015.  This shows a monthly price increase of 0.9%. The April data for London shows an increase of 2.3%. Bringing the average price in the capital to £474,544.   Key Regional Observations The region with the highest increase in price is London with a movement of 10.9%. The North East saw the only annual price fall with a decrease of 0.6%. Wales saw the largest monthly decrease with a fall of 1.1% Sales Volumes In the months November 2014 to February 2015, sales volumes averaged 64,196 transactions per month. This is a decrease from the same period a year earlier, when sales volumes averaged 73,156 per month. Some of the areas that typically have very low transaction volumes include, but...
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May property trends infographic

Rightmove’s May House Price Index reported a pre-election drop of 0.1% (-£242) on price of property coming to market, the first fall in May since the last general election in 2010 and a big contrast with May 2014’s +2.1% increase.  
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Rightmoves March Infographic shows pre-election slowdown

Rightmove’s March House Price Index reported that the price of property coming to market is up by 1.0% (+£2,748), a more muted rise at this time of year for three years suggesting a pre-election slowdown.  
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Annual house price growth continues to soften

Nationwide have released their House Price Index for February 2015. Annual house price growth slowed to 5.7% in February from 6.8% in January Annual house price growth slowed for the sixth month in a row UK house prices fell by 0.1% in February Commenting on the figures, Robert Gardner, Nationwides Chief Economist, said: “February saw a further softening in annual house price growth to 5.7%, from 6.8% in January.  This is the sixth month in a row in which annual growth has moderated, with house prices declining by 0.1% month on month. “The broader economic backdrop has remained supportive of housing market activity. Mortgage rates remain close to all-time lows and consumer confidence remains buoyant thanks to a further steady improvement in labour market conditions. Indeed, the unemployment rate has continued to decline and earnings growth has picked up, particularly in inflation-adjusted terms, thanks in part to the sharp decline...
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House prices continue to increase strongly across the majority of the UK

UK average house prices increased by 9.8% over the year to December 2014, down from an increase of 9.9% in the year to November 2014. This follows the house price increases the UK has experienced since April 2012 (Figure 1) and is driven in large part by increases in London. The average UK mix-adjusted house price in December 2014 was £272,000.
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House prices continue to increase strongly across the majority of the UK, with prices in London again showing the highest growth.

House prices are no longer at record levels in any region of the UK, with the majority of regions having reached a record level in August 2014.
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