View more on these topics

House prices dip slightly in 3 months to July: Halifax

House prices in the three months to July fell by 0.2 per cent, the latest Halifax index has found.

The decline in prices was the fourth successive quarterly fall, the first time this has been the case since November 2012.

However, house prices are on the up on both a monthly and yearly basis, rising by 0.4 per cent and 2.1 per cent respectively in July.

The average UK house now costs £219,266, Halifax’s study shows, 10 per cent above their August 2007 peak.

Halifax Community Bank managing director Russell Galley says: “House prices continue to remain broadly flat, as they have since the start of the year.

“However, a continued low mortgage rate environment, combined with an ongoing shortage of properties for sale, should help continue to support house prices over the coming months.”

SPF Private Clients chief executive Mark Harris says: “Lenders remain keen to lend and mortgage rates are staying extremely low as a result. This state of affairs has been supporting the housing market to an extent and is likely to continue to do so with no immediate interest rate rise on the horizon.

“One of the big issues facing prospective buyers is not so much getting the mortgage they need but finding a property they wish to buy. Until supply improves, this will continue to be the case.”



Property experts analyse Nationwide June house price index

Property industry experts have analysed today’s announcement from Nationwide that house prices were largely flat in July.  Prices still rising  Legal & General Mortgage Club director Jeremy Duncombe says: “Subdued growth in the price of property might be a welcome sight for many potential buyers, but annually house prices continue to rise well above wage […]


House prices flat in July, says Nationwide

House prices were flat in July, according to Nationwide. The lender said house prices rose 0.3 per cent month-on-month and 2.9 per cent year-on-year according to seasonally-adjusted figures. The average property is now worth £211,671, Nationwide says. Nationwide chief economist Robert Gardner says: “On the surface, this appears at odds with recent signs of cooling […]


House prices up 4.7% but pace of growth slows: ONS

House prices in the UK grew by 4.7 per cent in the year to May 2017, the latest Office for National Statistics figures have shown, with the pace of growth slowing by 0.6 per cent compared with the year to April. The study found that the average UK house price now stands at £220,713. The […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]


News and expert analysis straight to your inbox

Sign up