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Thursday, July 07, 2016

House price growth slows to 8.4% - Halifax

It shows a fall in annual house price growth from 9.2% for May to 8.4% for June.

Annual house price growth at 8.4% (comparing 3 months to June 2016 with same period 2015)
A quarterly rise of 1.2% ( comparing 3 months to June with the previous quarter )

Halifax's Martin Ellis comments: 

“There is evidence that the underlying pace of house growth may be easing. House prices in the three months to June were 1.2% higher than in the previous quarter; down from 1.5% in May. The annual rate of growth fell from 9.2% in May to 8.4%; the lowest since July 2015.

House prices continue to increase, albeit at a slower rate, but this precedes the EU referendum result, therefore it is far too early to determine any impact since.”

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