UK house prices increased by 0.4%

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Monday, Aug 07 2017

UK house prices increased by 0.4%

House prices in the last three months (May-July) were 0.2% lower than in the previous three months (February-April). This was the fourth successive quarterly fall; the first time this has happened since November 2012. Prices in the three months to July were 2.1% higher than in the same three months a year earlier. This was lower than in June (2.6%) and is the lowest annual rate since April 2013 (2.0%). The annual rate has fallen from a peak of 10.0% in March 2016. House prices rose by 0.4% between June and July, partially offsetting the 0.9% decline recorded between May and June.

Russell Galley, Managing Director, Halifax Community Bank, said: “House prices continue to remain broadly flat, as they have since the start of the year. Prices in the three months to July were marginally lower than in the preceding three months, while the annual rate of growth has edged down from 5.7% in January to 2.1% in July; the lowest rate since April 2013.''

More in this category: « German Industrial Production fell by 1.1% The Eurozone economy is going through the zenith »

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