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
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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.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Barratt Developments PLC667.40 GBX-1.13
Berkeley Group Holdings (The) PLC4,364.00 GBX-0.05
Persimmon PLC2,716.00 GBX-0.77
Redrow PLC658.40 GBX-1.41
Vistry Group PLC1,220.50 GBX0.08

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James Gard  is content editor for