Mike Smuts September 10, 2018 Uncategorized no responses

The latest data  on UK housing from Halifax has shown that during the three months to August this year, average house prices increased by 3.7% when compared to the same period a year and the average house price now stands at £229,958.

Russell Galley, Managing Director, Halifax, said: “House prices picked up in August, with the annual rate of growth rising from 3.3% in July to 3.7%. With the average house price now £229,958 prices in the three months to August were also 1.9% higher than in the previous quarter.

While the pace of employment growth has recently slowed, a low unemployment rate and a gradual pickup in wage growth are helping to support household finances. This has been accompanied by interest rates still remaining at a historically low rate and a stable, yet constrained, supply of new homes onto the market further supporting house prices.”