Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

UK house prices rise by more than expected in November - Halifax

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 11:03am CEST
Property sale signs are seen outside of a group of newly built houses in west London

LONDON (Reuters) - British house prices rose by more than expected in November and for a fifth month in a row, mortgage lender Halifax said on Thursday.

House prices rose 0.5 percent month-on-month after a 0.3 percent rise in October, Halifax said, topping the consensus in a Reuters poll of economists for a 0.2 percent rise.

But house price growth slowed on an annual basis to 3.9 percent in the three months to November, following a 4.5 percent rise in October.

"The imbalance between supply and demand continues to support house prices, which doesn’t look like changing in the near future," Russell Galley, managing director of Halifax Community Bank, said.

Other data suggest the housing market is slowing. Nationwide, a different mortgage lender, has reported a weaker pace of house price growth recently and the Bank of England has said mortgage approvals have fallen to a more than 1-year low.

The figures come two weeks after Chancellor Philip Hammond delivered a budget that included measures to help first-time buyers and spur more housebuilding.

"Even if successful, the chancellor's measures to boost house building in the budget will take time to have a significant effect so are unlikely to markedly influence house prices in the near term at least," Howard Archer, chief economic adviser to the EY ITEM Club consultancy, said.

He added that house prices are likely to rise between 2 and 3 percent in 2018.

(Reporting by Andy Bruce; Editing by Janet Lawrence)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
05:17pTake Five - World markets themes for the week ahead
RE
05:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:16pNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
05:11pKILMARNOCK FOOTBALL CLUB : Kirk Broadfoot on what fuels him and feeling the love
PU
05:11pCDC RELEASES EDUCATIONAL MATERIALS FOR TEACHERS FOR USE WITH “JUNIOR DISEASE DETECTIVES : Operation Outbreak” Graphic Novel (https://www.cdc.gov/flu/spotlights/operation-outbreak-novel.htm)
PU
05:08pU.S. Leading Economic Indicators Rose in July
DJ
05:01pNATIONAL FARMERS' UNION OF SCOTLAND : Livestock Sector Vulnerable to Brexit ‘No Deal’, says UK Farming Unions
PU
04:56pYCEA YORK COUNTY ECONOMIC ALLIANCE : Sixteen Barley Snyder Attorneys Named to “Best Lawyers” List; Werner Named a “Lawyer of the Year”
PU
04:51pNATIONAL ENERGY BOARD GOVERNMENT OF CANADA : Prices, Trade and Feature Articles – Update
PU
Latest news "Economy & Forex"
Advertisement