House price inflation goes back into double-digits

House prices in March stood at a “seasonally adjusted” £214,811, the Halifax has reported.

The figure was 2.6% up on February’s price and 10.1% up annually – the first time there  has been double digit annual inflation since 2014.

Halifx economist Martin Ellis said: “Worsening sentiment regarding the prospects for the UK economy and uncertainty ahead of the European referendum in June could result in some softening in the housing market over the next couple of months.

“Current market conditions, however, remain very tight with an acute supply/demand imbalance continuing despite an improvement in the number of properties coming on to the market for sale in recent months.

“This, together with continuing low interest rates and a healthy labour market, indicate that house price growth is set to remain robust.”

x

Email the story to a friend

One Comment

  1. mrharvey

    Quick poll, readers.

    Like this comment if you think we’re in a bubble that is sure to burst, and Dislike if we’re not!

    Report
X

You must be logged in to report this comment!

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.