House prices edged up in September, says Halifax

14th October 2016

House prices in the three months to September fell 0.1% on the previous quarter, according to Halifax, but edged up month-on-month, with the average house price currently standing at £214,024. There was a 0.1% increase in property values between August and September, with a 5.8% rise in house prices year-on-year. This was down from a 6.9% annual growth rate recorded in August and the lowest annual growth rate since August 2013. The monthly increase comes after two consecutive months of falls following the Brexit vote, with decreases of 0.3% in August and 1.1% in July. Separately, in an analysis for Barclays Mortgages, the Centre for Economics and Business Research has calculated that each brick in a UK home is worth £47, on average. Studying the price and size of an average home to determine the sum, CEBR found that a brick in London is typically worth £121.08 compared with £22.09 in Belfast.

The Times (08/10/2016)  The Independent (12/10/2016)