Mortgage Advice Bureau : Halifax House Price Index November 2019

Brian Murphy, Head of Lending for Mortgage Advice Bureau, said:

'That this morning's report from Halifax indicates any annual growth at all is likely to be interpreted by many as a positive sign, although it's not surprising that average prices saw a slight cooling in October given the news headlines of late.

'Looking at the bigger picture though, one could suggest that overall, the market remains consistent and steady, probably as a result of the latest raft of competitive rates released by lenders assisting those who are moving home at the moment to secure products which are priced close to all-time lows, and of course the regional dynamics across the UK, which mean that some areas are still seeing significant price growth and transaction numbers. The reality is that, for those who are moving at the moment, their individual circumstances are probably driving the process, so regardless of what's occurring at Westminster these are likely to be needs driven transactions rather than discretionary purchases.'

To read the full Halifax House Price Index, please click here.