House prices rose by 1% in September according to the latest figures from the Halifax, taking the annual rate of house price inflation to 8% - its lowest rate since April.
The latest data from Halifax closely matches that released by Nationwide Building Socity last week. The average house price is now £181,186 and the Halifax suggests there are signs housing activity has reached a plateau. The number of loans approved for house purchase stabilised at around 120,000 a month in the three months to August, according to the Bank of England, while the latest survey from the Royal Institution of Chartered Surveyors reported completed property sales eased marginally in August for the second successive month. The English regions have experienced remarkably simil...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
