Sign up Australia
Proactive Investors - Run By Investors For Investors

UK house price growth picked up in November for the first time in eight months

Halifax said house prices were up 6.0% year-on-year in the three months to November, higher than growth of 5.2% seen in the three months to October.
Estate agents signs
Halifax said UK house prices were up 6.0% year-on-year in the three months to November

UK  house price growth picked up in November for the first time in eight months, according to the latest report from mortgage lender Halifax, although it said price increases may slow in the coming months.

Halifax said house prices were up 6.0% year-on-year in the three months to November, higher than growth of 5.2% seen in the three months to October.

However, in monthly terms, house prices rose 0.2% last month compared with an increase of 1.5% in October.

Halifax housing economist Martin Ellis said: “Despite November’s pick-up, the annual rate has been on a steady downward trend in recent months since reaching a peak of 10% in March."

Rival mortgage lender Nationwide last week said house prices rose in November but at their slowest rate since the beginning of year.

Howard Archer, chief UK and European economist at IHS Markit Global Insight, said: “With housing market activity coming off its recent lows and the economy currently resilient, house prices look likely to rise modestly in the near term.

“However, we suspect that house prices will come under increasing pressure as 2017 progresses and may edge down over the year, possibly by around 2%.”

View full PROAC profile View Profile

Proactiveinvestors Timeline

Video
November 23 2016
Newswire
November 23 2016

Related Articles

picture of Hunger Games cast
November 27 2017
Some of the most famous films ever made have been backed by FFI since it was founded in 1950
Bookshelf
October 25 2017
After being rejected by several publishers, Bloomsbury was the one which decided to take a punt on Harry, and what a magical decision it proved to be
mobile phone
Mon
Tremor is already in profit a year ahead of expectations and is a blueprint for similar acquisitions in the future.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use