Buoyancy may be returning to the housing market

8th September 2017

August house prices were up 1.1% on July, according to the Halifax, suggesting that the housing market is bouncing back from the Brexit vote. The annual increase was estimated to be 2.6%, while prices had risen by 0.1% in the past three months compared with the previous quarter. The average house price hit £222,293 in August, up from £219,293 in July. Activity was 10% higher than during the same period last year, with 104,760 homes sold between June and July. Halifax managing director Russell Galley noted that “buoyancy may be returning” to the housing market.

The Times (07/09/2017)