Halifax publishes first set of house price data since Brexit vote

Average house prices went down 1% in July – the month after the referendum.

The Halifax said that the average price stood at £214,678 last month. However, the figure given by the lender was “seasonally adjusted”.

Despite July’s dip, annual house inflation was 8.4%, and quarterly house price inflation 1.6%.

Halifax economist Martin Ellis said: “There are signs that house price growth is slowing with a deceleration in both the annual and quarterly rates of increase in the past few months. Nonetheless, the current rates remain robust.

“July’s monthly decline largely offsets June’s increase. The month-on-month changes, however, can be erratic and falls often occur within an upward trend. Overall, it remains too early to determine if there has been any impact on the housing market as a result of June’s EU referendum result.”


Email the story to a friend

Leave a Reply

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.