Sharp slowdown in house price growth, Halifax says

12th January 2018

House prices rose by 2.7% in 2017, compared with a 6.5% increase in 2016, according to the Halifax, the lowest rise since 2012. The mortgage lender added that December had the first monthly drop in prices since June, with the average price of homes falling by 0.6%, or £1,387, to reach £255,021. "Nationally house prices in 2018 are likely to be supported by the ongoing shortage of properties for sale, low levels of housebuilding, high employment and a continuation of low interest rates making mortgage servicing affordable in relative terms," said Russell Galley, the managing director of Halifax Community Bank.

Financial Times (08/01/2018)