The Halifax house price index for August sees continued growth over the three main period comparators. Quarterly house price change, the more stable short term indicator, saw a postive 3% change in the months June to August 2014.
- Quarterly house price change, the more stable short term indicator, saw a positive 3% change in the months June to August 2014. This is down on the 3.5% quartely gain seen last month
- Over the same three months prices were 9.7% higher compared to the same three months of 2013
- The monthly change was more subdued at a small 0.1% increase – repeating the fluctuating movements seen on a monthly basis this year.
- The average house price if now £186,270
Commenting, Martin Ellis, housing economist, said:
“Housing demand is supported by continuing economic recovery, growth in employment, improving consumer confidence and low mortgage rates. Nonetheless, earnings growth that remains below consumer price inflation, and the prospect of an interest rate rise at some point over the coming months, are likely to curb demand