UK house prices rose by 0.5%, Halifax report shows

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Thursday, Dec 07 2017

UK house prices rose by 0.5%, Halifax report shows

House prices in the last three months (September-November) were 2.4% higher than in the previous quarter (June-August). This is the fastest price growth, on this measure, since January. Prices in the three months to November were 3.9% higher than in the same three months a year earlier although the annual change in November was lower than in October (4.5%). House prices rose by 0.5% between October and November, following a 0.3% increase in October marking the fifth consecutive monthly rise.

The average price of £226,821 is 3.2% higher than in January (£219,741). Russell Galley, Managing Director, Halifax Community Bank, said: “Whilst the annual rate of growth eased in November, with the first decline in this measure since July, when looking at quarterly change prices in the three months to November were marginally higher than in the preceding three months; the fourth consecutive quarterly increase.''

More in this category: « German Industrial Production fell by 1.4% Unemployment Claims down to 236,000 »

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