Halifax sees firm house price growth for July

Halifax HPI 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 be supported by a continuing economic recovery, growth in employment, improving consumer confidence and low mortgage rates. However, earnings growth is still lagging behind consumer price inflation."

Rate this blog entry:
Static house price growth in July
3 Things to Consider when Investing in Internation...

Related Posts

Comments

 
No comments made yet. Be the first to submit a comment