House price growth 'slowing'

Money News

www.moneynews.co.uk > Housing market > House price growth 'slowing'

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

House price growth 'slowing'

House prices increased by 0.4 per cent during June 2007, according to the latest index published by Halifax.

Research carried out by the group indicates that June's house price growth was marginally less than the 0.5 per cent increase experienced in the housing market in May.

Growth throughout the second quarter of 2007 amounted to two per cent, demonstrating there has been a gradual decrease from the 4.2 per cent growth in the last three months of 2006.

Monthly growth was most prodigious in Northern Ireland and Greater London, with house price falls occurring in the south-west, West Midlands and Wales.

Martin Ellis, chief economist at Halifax, said that the monthly figures indicated that house price growth was slowing.

Mr Ellis said that while mortgage rate increases and ongoing negative real earnings growth in the early months of 2007 would cause further slowing of the market in the near future, this would be counterbalanced by: "Solid economic fundamentals and a shortage of housing supply."

Related News : Housing market

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet