House price growth still above inflation, despite first decline in four months

House prices continue to be bolstered by the imbalance between supply and demand which is unlikely to change in the near future said Halifax

House prices continue to be bolstered by the imbalance between supply and demand which is unlikely to change in the near future said Halifax

The 2.4% growth in the three months to November reported by Halifax compares to Nationwide's 0.6% and a seasonally adjusted version of Rightmove's data of 0.1%.

United Kingdom house prices were up 3.9% in the year to November, according to the latest reading from the Halifax index.

House prices are continuing to surge higher, according to research by Halifax that runs contrary to most other surveys of the housing market.

HOUSE prices have risen by 2.4 per cent over the the last three months making it the fastest rate increase since January, according to Halifax.

The average property price in the United Kingdom rose to £226,821, or 3.2% higher than £219,741 in January this year.

United Kingdom quarterly property price growth rose at its fastest pace this year to hit +3.9% in November, supported by the shortage of homes for sale and consistent demand.

Halifax said that, despite the easing annual growth, the imbalance between supply and demand continues to support house prices.

However, he added: "Further ahead, increasing affordability issues, as price increases continue to outstrip wage growth, are likely to curb housing demand and cause price growth to ease".

According to the latest data from the Bank, there was a drop in the number of mortgage approvals for house purchase in October, but remortgage approvals jumped to a nine-year high.

"As the Halifax report this morning indicates that the average home price of £226,821 now falls squarely within the stamp duty exception range for first-time buyers, hopefully the recent move by the chancellor will translate into real savings for those getting onto the ladder", said Murphy.

As such, Pantheon still expect house prices merely to flatline over the next 12 months.

"The market should continue to build on this momentum after the December lull and the outlook is promising for the coming year", Quirk felt.

Notícias recomendadas

  • Jamiroquai no MEO Marés Vivas

    Jamiroquai no MEO Marés Vivas

    Os bilhetes, que estão à venda desde esta quarta-feira, têm um custo de 35 euros para um dia e de 65 euros para os três dias. Entre 20 e 22 de julho, o festival voltará a contar com quatro palcos, apesar da mudança para a Antiga Seca do bacalhau .
    The Lam Research (LRCX) Getting Favorable Media Coverage, Study Finds

    The Lam Research (LRCX) Getting Favorable Media Coverage, Study Finds

    Hence the difference between Predicted EPS and Actual EPS reported is $0.18/share which shows an Earnings Surprise of 5.5 Percent. The semiconductor company reported $3.46 EPS for the quarter, beating the Zacks' consensus estimate of $3.27 by $0.19.
    Michael Flynn Promised Ex-Partner That Russia Sanctions Would Be 'Ripped Up'

    Michael Flynn Promised Ex-Partner That Russia Sanctions Would Be 'Ripped Up'

    Cummings not to make the whistle-blower's account public until "they completed certain investigative steps", he wrote . Elijah Cummings of Maryland, Copson then showed the whistleblower his phone, which contained a message from Flynn.
  • Forecast: Cold And Some Snow In The Forecast

    Forecast: Cold And Some Snow In The Forecast

    This assures us that we will see a taste of early winter with regards to temperatures at least as we go into the upcoming weekend. Most of the really cold air will stay to our northeast and the only change we should see is a shift in the wind direction.
    Ator que interpretou Stannis Baratheon ficou 'desanimado — Game of Thrones

    Ator que interpretou Stannis Baratheon ficou 'desanimado — Game of Thrones

    O ator que deu vida a Stannis Baratheon , Stephen Dillane , não gostou do tempo que passou em Game of Thrones . Agora que a notícia acabou, aproveita para conferir o vídeo mais novo no nosso canal !
    GVC closes in on Ladbrokes Coral takeover at third attempt

    GVC closes in on Ladbrokes Coral takeover at third attempt

    The tie-up would put the newly formed group in a strong position in major markets such as the UK, Italy and Australia, it added. GVC shareholders would be entitled to the rest.
  • Portal ganhará novo game baseado em construir pontes!

    Os jogadores terão que usar portais e tecnologias da Aperture Science para fazer um caminhão atravessar as pistas de testes. Às vezes as franquias mais amadas dos jogos tomam rumos inesperados, vide Pokémon Snap, por exemplo.
    IMF Says Current Circumstances In China Warrant Additional Bank Capital

    IMF Says Current Circumstances In China Warrant Additional Bank Capital

    Financial supervisors need to have greater independence to pursue their mandates without concern about being overruled. Create a body, focused exclusively on financial stability , to improve oversight of systemic risk.
    JLR sells 52332 units in November, up 10% YoY

    JLR sells 52332 units in November, up 10% YoY

    The fourth model in the Range Rover family, the Velar is positioned between the Range Rover Evoque and Range Rover Sport. The new model will be available in three engine options of 2-litre petrol, 2-litre diesel and 3-litre diesel.
  • Analyst Research and Recommendations: W&T Offshore, Inc. (WTI), Riot Blockchain, Inc. (RIOT)

    Their average price target spell out an upbeat performance - a -27% and would give WTI a market capitalization of almost $340.13M. Two Sigma Limited Liability Co reported 63,327 shares. 32,340 were accumulated by Los Angeles Capital Mngmt And Equity Rech Inc.
    Brasil Game Show inicia venda de ingressos para 2018

    Brasil Game Show inicia venda de ingressos para 2018

    A BGS 2018 acontece em outubro do ano que vem e já possui uma atração de peso confirmada: Katsuhiro Harada, diretor de Tekken. Em 2017, a feira fez sua maior edição, com direito à presença de nomes como Phil Spencer, Hideo Kojima e Nolan Bushnell.
    Rajasthan man burnt to death, cops investigate after video goes viral

    Rajasthan man burnt to death, cops investigate after video goes viral

    To make matters worse, the person who set the man on fire shot a video of the incident and circulated it on social media. Shambhu Lal had allegedly brought the man to a secluded place on the pretext of providing him work.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.