Halifax say house price growth slowing

Annual house price growth has slowed to 9.2% according to the Halifax House Price Index for April 2016.

House prices rose by 1.5% during the 3 months of February, March, April.

"House prices in the three months to April were 1.5% higher than in the previous quarter, this rate has halved from 2.9% in March. The annual rate of growth eased from 10.1% to 9.2% in April. Both the quarterly and annual rates are at their lowest since last autumn.

“Current market conditions remain very tight as the severe imbalance between supply and demand persists. This situation, combined with low interest rates and rising employment and real earnings, should continue to push house prices up over the coming months.

”Weakening sentiment regarding house price prospects and a dip in consumer confidence, however, suggest that annual house price growth may ease.” - Halifax's housing economist Martin Ellis

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