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.
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