Halifax September 2012 house price index (HPI) shows that in the three months to September, prices were down by -0.5%.
Halifax September 2012 house price index (HPI) shows that in the three months to September, prices were down by -0.5% against the previous three months. The same quarterly change last month was -0.3%.
Other Key Facts:
- The Monthly change between August and September was -0.4%.
This represents the 3rd successive fall which offsets the two rises in May and June.- The average house price in the UK stands at £159,486.
- This is a -0.3% fall over the 9 months of 2012 and a -1.2% fall over the 12 months since September 2011.
Commenting, Martin Ellis, housing economist, said:
“Overall, there has been very little change in the average UK house price so far this year. There is, nonetheless, evidence of a slight deterioration in the trend recently with prices in the three months to September 0.5% lower than in the previous quarter. The average price fell by 0.4% in September; the third successive monthly decline.
“The generally weak economic climate remains a significant constraint on housing demand. The relatively low level of mortgage payments in relation to income, however, continues to provide support for house prices. We expect house prices to be broadly unchanged over the rest of this year and into 2013.
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