Aug
07

UK house price growth easing, says the Halifax

glenisters estate agents romfordUK house prices have recorded their fourth quarterly fall in a row for the first time since 2012, according to the Halifax.

The mortgage lender said that property prices between May and July were 0.2% lower than the previous quarter.

The figures, based on Halifax’s own mortgage data, showed annual house price growth had slowed to 2.1%.

A number of surveys have suggested a cooling or relatively stagnant UK housing market.

“House prices continue to remain broadly flat, as they have since the start of the year,” said Russell Galley, of the Halifax.

The Halifax said the cost of the average home rose by 0.4% between June and July, with the average property valued at £219,266.

Read full story @ BBC

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