Mike Smuts
September 9, 2017
Uncategorized
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According to the latest data and analysis from Halifax, house prices in the three months to August were 2.6% higher than in the same three months a year earlier.
Key Findings
- The annual rate in August is higher than in July (2.1%), however it has fallen from a peak of 10.0% in March 2016 when transactions grew sharply ahead of the introduction of new higher stamp duty tax rates for buy to let and second homes that came into effect in April.
- House prices rose by 1.1% between July and August, following a 0.7% increase in July.
