Nothing is guaranteed to get a dinner party conversation flowing like a discussion about house prices. When house prices go up, consumer confidence rises and it tends to have a positive impact on the state of the economy. But with the prospect of rising interest rates and some uncertainty around Brexit negotiations, what’s happening with house prices at the moment? The latest Halifax House Price Index is reporting 2.2% average growth for house prices in May. This compares with 2.7% annual growth recorded in March, showing that the house price growth appears to be slowing.
House prices update for May 2018
This 877 word blog post reviews the latest figures from the Halifax House Price Index and also new research from Lloyds Private Banking, based on Land Registry figures, about the growth in million pound plus home sales last year. Written on 8th May 2018.