The house price survey by Halifax shows that price has slowed down dramatically in September, increasing up to 1.1% in the previous year. This has ultimately decreased over the past year since April 2013, but this is mainly the trend the lender has seen over the recent months.
Market indicators were highlighted by Halifax, pointing out finalized sales and mortgage approvals which continues to be stable for buyers while buyers focus on affordable measures such as interest rates and wage growth, minimizing the amount buyers spend.
Survey points to house prices have been decreasing every month by 0.4%, but on the other hand, between July and September, the prices for houses have risen to 0.4% than the previous three months which was between April to June. Although, it is expected that the activity levels and growth of price shall remain withdrawn as the current trend of economic unreliability continues.
About Stuart Mosley
Stuart Mosley (CeFA, CeMap, CLTM) founded SJ Financial Solutions in June 2005 having spent 12 years with big corporates such as Halifax and Santander. He felt the personal touch and straight speaking was missing from financial and mortgage advice services and set up SJ Financial Solutions to change this.
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