View more on these topics

House prices rise 1.7% in October

Halifax’s monthly price index has revealed house prices rose by 1.7% in October.

There have, however, been indications of a weakening in activity at earlier stages of the house-buying process, suggesting that house price inflation may slow in the coming months.

The latest RICS survey shows signs of a slowdown in activity with virtually no change in sales between Q2 2006 and Q3 2006. The House Builders’ Federation has also reported an annual fall in the numbers looking at new homes for the third time in four months.

Sound economic fundamentals and a lower stock of properties available on the market have put upward pressure on house prices. The UK economy continued to grow at slightly above its long-term average pace of 0.6% per quarter in Q3 2006.

Significantly higher utility bills and the increase in mortgage rates over recent months are expected to constrain housing demand, causing the annual rate of house price inflation to ease over the coming months.

Martin Ellis, Halifax’s chief economist, says: “There have been indications of a weakening in activity at earlier stages of the house buying process, suggesting that house price inflation may soon begin to slow.”


Forget trying to talk sense into MPs

Last week I was invited to speak about Home Information Packs in the House of Commons. I accepted the invitation but I had doubts about how worthwhile the exercise would be. These doubts were well founded.

Goldsmith Williams Overseas to offer advice at Mortgage Expo

Goldsmith Williams Overseas Limited (GWOL) will host Mortgage Expos first Overseas Legal Advice Centre with lawyer partners from countries including Spain, Cyprus and Turkey located in the Property Investment Pavilion.Visitors to this years Mortgage Expo at Earls Court will have the opportunity to receive guidance on how best to advise clients considering buying property overseas. […]

MBUK launches remortgaging scheme with LMS

Mortgage Bureau UK has launched a Treating Customers Fairly remortgage scheme in partnership with LMS.The service gives the packagers consumer customers telephone support and help in filling in forms, coupled with high-speed conveyancing and case tracking for 199.The TCF remortgage scheme has been tailor-made specifically for Mortgage Bureau by LMS using its unique technologies, dedicated […]

Does the environmental impact of your house matter to you?

Nolh Clements, 27, events managerI am not in a position to buy a house now, but the environmental impact of a property is definitely something that would be important for me, especially as being environmentally-friendly is a big issue at the moment. Sam Wilson, 30, managerIt would depend on where the property was. Buildings in […]


News and expert analysis straight to your inbox

Sign up