Conveyancing News – UK House Price Rise

18th February 2015

The Halifax recently published some Key facts from their quarterly House Price Index 

  • House prices in the latest three months (November-January) were 1.9% higher than in the previous three months (August-October). The quarterly rate of change increased for the first time since July 2014, but remained below the rates recorded between June and September last year.
  • Prices in the three months to January were 8.5% higher than in the same three months a year earlier. This was an increase from 7.8% in December. This measure of annual house price growth was at its highest since October 2014 (8.8%), but remains significantly below the peak of 10.2% in July 2014.
  • The average price of a house is now £193,130.
  • The Halifax expects the overall pace of house price rises to slow this year with other forecasters predicting limited growth.

You can read more here: https://www.lloydsbankinggroup.com/globalassets/documents/media/press-releases/halifax/2015/housepriceindexjanuary2015.pdf

If you are considering moving house and need assistance in buying or selling a house our Conveyancing Team would be pleased to assist you. You can contact them by calling : 0191 4555361 or by emailing conveyancing@hannayslaw.co.uk