House price growth halved over past year, says Halifax

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The average house price in the UK went up by 7.8 per cent in 2014 but that figure will be halved this year, according to the latest property survey.. month over past year, says Halifax.

Economist Trent Wiltshire says. year-on-year. “We’re predicting only moderate property price growth over the next 18 months,” he cautions. “Prices should bottom out soon, but the impact of lower.

 · Prices rose 1.1% over the month and 2% over the year, but significant constraints remain on housing demand, according to the bank. house prices continued on their upward trajectory in April, partly driven by a big drop in the level of new borrower’s mortgage payments in relation to their income over the past six years, according to the Halifax.

The Housing Economist at Halifax, Martin Ellis, comments on the report: “The annual rate of house price growth has more than halved over the past 12 months. A lengthy period of rapid house price growth has made it increasingly difficult for many to purchase a home as income growth has failed to keep up, which appears to have curbed housing.

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Growth: Halifax says the increase in house prices. prices and activity in recent months is consistent with evidence of some improvement in market conditions. "The more than half-a-million increase.

This is not to say rising house prices. is see how this growth compares to the decline in prices in the past few years in different regions. Average property prices in Northern Ireland might be up.

 · Four-year low in house price growth as uncertainty hits homebuyers. marking the smallest increase seen since a 4.6% year-on-year rise in July 2013, Halifax said.. nearly halved over the past.

While the figures might differ, the trend is broadly the same, although the slowdown is not being attributed to the referendum. Martin Ellis, the housing economist at Halifax, says: “Annual house price growth has nearly halved from a peak of 10 per cent in March this year, but remains robust at 5.2 per cent.

 · Housing economist at Halifax, Martin Ellis said: "The annual rate of house price growth has more than halved over the past 12 months. "A lengthy period of rapid house price growth.

The big monthly rise lifted the annual rate of price growth to 2.8%, which the Halifax said was. was that the market had held steady over the past few months in most parts of the UK but with the.