Halifax have released their House Price Index for August 2014.
Their data reports a 0.1% rise over the month, bringing the annual increase to a very healthy 9.7% and the quarterly figure in at 3.0%.
The average property price is now at £186,270.
Martin Ellis, an economist for the Halifax commented that "Housing demand is supported by continuing economic recovery, growth in employment, improving consumer confidence and low mortgage rates. Nonetheless, earnings growth that remains below consumer price inflation, and the prospect of an interest rate rise at some point over the coming months, are likely to curb demand."
Their data reports a 0.1% rise over the month, bringing the annual increase to a very healthy 9.7% and the quarterly figure in at 3.0%.
The average property price is now at £186,270.
Martin Ellis, an economist for the Halifax commented that "Housing demand is supported by continuing economic recovery, growth in employment, improving consumer confidence and low mortgage rates. Nonetheless, earnings growth that remains below consumer price inflation, and the prospect of an interest rate rise at some point over the coming months, are likely to curb demand."
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