House Prices Fell in July
By |Published On: 7th August 2015|

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House Prices Fell in July

By |Published On: 7th August 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

House Prices Fell in July

House Prices Fell in July

House prices fell by 0.6% in July, according to the Halifax.

The average UK house price is now £198,883 on a seasonally adjusted basis, down from £200,280 in June.

This takes annual house price inflation down to 7.9%.

Managing Director of Retail Customer Products at the Halifax, Stephen Noakes, says: “The underlying pace of house price growth remains robust notwithstanding the easing in July.

“Continuing economic recovery, earnings growth in excess of consumer price inflation and very low mortgage rates all underpin housing demand.

“Supply is highly restricted, with the stock of homes available for sale falling further to new record lows.

“This combination of well-supported demand and tight supply is likely to ensure that house price growth remains relatively strong in the near term.”1












About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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