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Tuesday, December 08, 2015

Halifax November house price stats

The November stats from the Halifax HPI have been published.

The bank reports a tiny fall in November, with the average house price down 0.2% (seasonally adjusted). 

The average property price is now £204,552.

Their housing economist, Martin Ellis, comments: 

"House prices in the three months to November were 1.4% higher than in the previous three months. This was the smallest rise on this measure since December 2014. The annual rate eased from 9.7% in October to 9.0%.

Solid economic growth, rising real earnings and falls in already very low mortgage rates have combined to stimulate housing demand this year.

The increasingly acute imbalance between supply and demand is causing prices to rise at a robust pace. A situation that is unlikely to reverse significantly in the short-term.”

Here are their most recent scores on doors -

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