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Nothing to see here - Halifax's HPI rate remains the exactly the same at 9.2%.
The average UK property now stands at £213,472 according to the bank.
The 3 month average sale price (March-May) was up 1.4% on the previous 3 month average ( Dec-Feb)
“Low interest rates, increasing employment and rising real earnings, continue to support housing demand. The strength of demand, combined with very low supply, is causing house prices to rise at a brisk pace in quarterly and annual terms.
Increasing affordability issues, caused by a sustained period of higher-than-earnings house price growth, should curb housing demand and result in some slowdown in house price growth as the year progresses.”
View the - Halifax House Price Index for May 2016
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Martin Ellis, Halifax housing economist, comments:
“Low interest rates, increasing employment and rising real earnings, continue to support housing demand. The strength of demand, combined with very low supply, is causing house prices to rise at a brisk pace in quarterly and annual terms.
Increasing affordability issues, caused by a sustained period of higher-than-earnings house price growth, should curb housing demand and result in some slowdown in house price growth as the year progresses.”
View the - Halifax House Price Index for May 2016
Take advantage of our discounted landlord insurance rates
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