House prices on the rise as supply stays tight

House prices rose 1.6% last month, the Halifax has reported, bringing the average to £196,412.

Annual house inflation now stands at 8.5%, while in the three months to April, house prices rose by 2.2%.

Halifax economist Martin Ellis said that supply remained very tight.

The Halifax said it is anticipating house prices to grow between 3% and 5% this year.

However, its latest report was issued on the morning of election day and will have been compiled at a time when a hung Parliament was still expected.


Email the story to a friend

Comments are closed.

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.