According to Martin Ellis, Halifax housing economist, said: “House prices in the three months to August were 0.7% higher than in the previous quarter; down from 1.5% in July. The annual rate of growth fell from 8.4% in July to 6.9%”

He continues “House price growth continued the trend of the past few months in August with a further moderation in both the annual and quarterly rates of increase.”This is in contrast to August 2015 when the monthly change was actually 3,3% positive vs a 0.2% drop. Also the quarterly rise was almost half of that vs last year for the same period. It’s not really clear why as Nationwide actually reported a slight increase.

This is in contrast to August 2015 when the monthly change was actually 3,3% positive vs a 0.2% drop

Also the quarterly rise was almost half of that vs last year for the same period. It’s not really clear why as Nationwide actually reported a slight increase.

However what is clear though is that there  is a slowing down of house price growth, in spite of the fact that interest rates are at record lows. Hopefully this is due to some normality of sellers looking at realistic prices to sell their properties for and buyers only willing to pay more affordable prices.

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