House Prices Jump in August, says Halifax

Figures from the mortgage lender suggest a strong end to the summer for the housing market, which is borne out by this week's positive housebuilder results

James Gard 7 September, 2017 | 10:55AM

House prices in the UK have risen over the month of August

UK house prices bounced back in August, mortgage lender Halifax said, defying signs of a slowdown in the housing market since the General Election. Prices of homes rose 1.1% in August month on month, compared with a month on month rise of 0.7% in July. The statistics chime with Bank of England mortgage approval figures released last week showing a strengthening in demand for new mortgages towards the end of the summer.

Jonathan Hopper, managing director of Garrington Property Finders, said: “After months of uncertainty the property market is slowly finding its feet again. The market remains deeply fragile, but the listless limbo that followed the election result is fading as increasing numbers of previously hesitant buyers are piqued into action by the sense that stability – if not quite normality – is returning.”

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

  • holly black headshot thumbnail Barnett is Back

    Editor's Views: After a difficult few years, former Neil Woodford protégé Mark Barnett is returni...

  • Stock of the week post-it Stock of the Week: Coca-Cola

    With 1.9 billion servings of Coke enjoyed every day, our Stock of the Week Coca-Cola needs little...

  • Gold bars lined up 3 Anti-Income Investments

    In a topsy turvy investment world, it might be helpful to ditch the growth vs income mindset and ...

  • Income bold text angle Small-Caps for Income?

    Income-seeking investors shouldn't just stick to big blue-chips. There are plenty of dividend-pay...

  • Stacks of coins income week 3 Income Stock Picks

    VIDEO: Where can investors find reliable dividends to meet their income investing needs? Killik &...

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Barratt Developments PLC784.00 GBX-1.36
Berkeley Group Holdings (The) PLC4,610.00 GBX0.22
Persimmon PLC3,201.00 GBX-0.25
Redrow PLC675.40 GBX-1.03
Vistry Group PLC1,230.00 GBX0.24

About Author

James Gard  is content editor for Morningstar.co.uk

 

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement