Accuracy of Halifax House Price Index questioned again as lender reports 5% spike in values

Halifax house price index: property values FLATLINE – yet are STILL higher than last year PROPERTY news: Halifax released their house price index for June 2017, and their results show house prices.

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About the Halifax House Price Index. The Halifax House Price Index is the UK’s longest running monthly house price series with data covering the whole country going back to January 1983.. From this data, a "standardised" house price is calculated and property price movements on a like-for-like basis (including seasonal adjustments) are analysed over time.

Annual house price growth slowed to 6.9% in the three months to August, down from 8.4% in July, according to the latest report from Halifax. On a quarterly basis, the bank’s House Price Index shows that house prices have risen by 0.7% to stand at an average of 213,930.

Halifax said average values were up 0.5% on a monthly basis to reach 237,837 in May. Halifax’s data has come under scrutiny after it reported a 5.9% monthly increase in February. Its May figures compare with Nationwide’s data for the same month showing prices rose just 0.6%.

I am not saying that – If i am in Danz’s position i would go back to the sales house and argue that i am doing everything recommended to me (Use the broker and solicitors recommended by the developers) and the valuation is well below the premium price i would expect the sales team to match the valuation as courtesy or i would walk away.

The Halifax House price index background The Halifax House Price Index is the UK’s longest running monthly house price series covering the whole country from January 1983. The UK Index is derived from the mortgage data of the country’s largest mortgage lender, which provides a robust and representative sample of the entire UK market.

However inflation for September given the momentum behind inflation may yet carry the CPI inflation higher towards 5%. The RPI is already showing signs that the spike. Impact on Interest Rates -.

In the United Kingdom Housing Index refers to Halifax House Price Index. The Index is based on a sample of mortgage data covering around 15,000 house purchases per month. This page provides – United kingdom house price Index – actual values, historical data, forecast, chart, statistics, economic calendar and news.

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