–House Prices Up 0.6% m/m In July; Up 4.9% 3m y/y
LONDON (MNI) – UK house prices rebounded in July, confounding
analysts’ expectations, according to the latest Halifax survey.
July house prices were up 0.6% on the month to stand up 4.9% on
the year, reversing the 0.6% monthly fall seen in June. The July survey
from rival mortgage lender Nationwide showed house prices falling 0.5%
on the month in July, and analysts had predicted the Halifax survey
would show another monthly decline.
In the Halifax series, average house prices are 16% below their
August 2007 peak but 8.3% up from their trough in April last year.
The Halifax said “housing market activity is broadly stable.”
–London newsroom: 44207 862 7491; email drobinson@marketnews.com
[TOPICS: M$B$$$,MABDA$,MABDS$,MT$$$$]
