1.8%. The Halifax House Price Index measures the change in the price of homes and properties financed by Halifax Bank Of Scotland (HBOS), one of the U.K.’s largest mortgage lenders. It is a leading indicator of health in the housing sector. The Halifax House price index is covering around 15,000 house purchases per month.
The Halifax House Price Index is a key barometer of UK house prices based on Halifax mortgage transaction data and has been calculated since January 1983. IHS Markit owns and acts as administrator for the Halifax House Price Index, the UK’s longest running house price index series.
Halifax House Price Index latest breaking news, Pictures, Videos, and Special Reports from The Economic Times. Halifax House Price Index Blogs, Comments and Archive News on Economictimes.com
Halifax’s House Price Index has come under scrutiny for the second month in a row after posting what some said was a highly questionable 5.2% average annual increase in property values. This suggests values are growing at their fastest rate for two years and follows a 5% annual boost reported by the lender for April.
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The latest Halifax House price index shows prices in the Quarter to December 2016 were 6.5% higher than in the same three months of 2015. In December 2016 the annual change was +6.5%, quarterly change +2.5%, monthly change 1.7% and the new average house price stood at 222,484 Martin Ellis,
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Mortgage approvals for house purchases contracts by 5% in February. After theof mortgage approvals a leading indicator of completed house sales – – in January, they fell by 4.8% in February to 63,910. Compared to the same time a year ago, approvals are down by 7%.
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The Halifax House Price Index latest report for May shows the average UK house price is up 5.2% on last year to 237,837. However, this comes against the.