Halifax HPI Reporting much the same

The Halfifax HPI for September reported very much the same as other House price Indices, continuing the static market caused by the ongoing uncertainty in the wider economy.

Halifax reports prices a smidge down by -0.5% last month to £161,132, which represents a Quarterly change of 0.1% but an annual fall of -2.3%.

The has continued the mixed pattern seen by Halifax throughout this year, with an equal number of rises (four months) and falls (four months) and 1 month that was unchanged…..pretty much demonstrating the flat nature of the housing market across most of the UK.

Property Sales

Property sales have remain failry unchanged as well during 2011 and according to HMRC figures have stuck within a narrow band around 70,000 per month.

However the industry-wide number of mortgage approvals for dwellings (house purchases) have actually increased for four consecutive months to August.

Written by Julie Hanson

Julie is passionate about property – development, investment and portfolio planning. Along with husband Alec, Julie is actively building a property portfolio while helping others to do the same.

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