House prices UK: Values ARE going up as Halifax confirms property price growth in July

Halifax released their House Price Index, which suggests that prices saw an annualised rise of 3.3% (Image: GETTY) The Halifax released their House Price Index this morning, which suggests that prices saw an annualised rise of 3.3 per cent in July, and a 1.4 per cent increase on June to reach an average property value of £230,280, versus £219,266 at the same time last year. On a quarter-by-quarter basis, prices rose by 1.3 per cent. Coming off the back of an interest rate rise last week, this does provide a…

Read More

House prices: Surprise increase in property price growth in July

The average UK home now valued at £217,010 having risen from £215,444 the previous month. (Image: GETTY ) The data indicates that house price growth rose to 2.5 per cent in July, up from two per cent in June, with the average UK home now valued at £217,010 having risen from £215,444 the previous month. This moderately positive news comes ahead of the expected rise tomorrow in the Bank of England Base Rate, potentially to 0.75 per cent, which would be the highest level since 2007. However, many experts suggest…

Read More

House prices UK: Market flatlines as house price growth stutters in June

Halifax, one of the UK’s biggest lenders, reported in their monthly index that house prices in the three months to June were 1.8 per cent higher than the same period a year earlier, and slightly below the 1.9 per cent growth seen in May. Overall, property prices grew by 0.3 per cent last month to hit an average value of £225,654. This slightly more positive result follows a shaky second quarter overall for the UK property market, when prices were 0.7 per cent lower between April and June than the…

Read More

House price growth in February 4.4 per cent apart from in London | Property | Life & Style

England is seeing an annualised rate of house price growth of 4.1 per cent and the average property price in Wales increasing by 4.8 per cent. The Land Registry data is used as an empirical measure of pricing due to the fact that it records every residential transaction in England and Wales. Therefore, whilst issued later than other house price indices, the report is widely seen by the finance and property industry as the most accurate with regards historic property values. This latest report suggests that, as other sources of…

Read More