• Home
  • Multi-Asset
  •  
    Retirement
    • Pensions
    • Income
    • Investment
    • Regulation
    • Estate planning
    • Equity release
  •  
    Your profession
    • Adviser tips
    • Business models
    • Companies
    • People
  • Regulation
  • Tax planning
  • Protection
  • Diversity
  • Events
  • Whitepapers
  • Industry blogs
  • EM and Asia spotlight
  • Newsletters
  • ESG spotlight
  • Sign in
  • Events
    • Upcoming events
      event logo
      Professional Adviser's Working Lunches in partnership with Orbis Investments - 2019

      Join us in March for the Professional Adviser Working Lunch series in partnership with Orbis Investments.

      • Date: 05 Mar 2019
      • Knutsford, Leeds, Surrey, Bristol
      event logo
      Professional Adviser Working Lunches 2019 - Baillie Gifford & First State Investments

      Professional Adviser is delighted to announce the launch of the new Working Lunches in partnership with Baillie Gifford and First State Investments. Travelling across the UK to provide valuable market insights for Senior Financial Advisers.

      • Date: 13 Mar 2019
      • Southhampton, Worcester, Durham, Norwich, Liverpool, Exeter, Sheffield, Leicester, Nottingham
      event logo
      Professional Adviser 360 2019

      The highly anticipated Professional Adviser 360 conference is taking place on 25th April 2019 at The Brewery in London.

      • Date: 25 Apr 2019
      • The Brewery Chiswell Street London EC1Y 4SD, London
      event logo
      Fund Manager of the Year Awards 2019

      The 2019 Fund Manager of the Year returns on Thursday 27th June 2019, Grosvenor House Hotel, London. Save the date.

      • Date: 27 Jun 2019
      • Grosvenor House Hotel 86-90 Park Lane Mayfair London W1K 7TN, London
      View all events
      Follow our events

      Sign up to receive email alerts about our events

      Sign up
  • Whitepapers
    • Find whitepapers
      Search by title or subject area
      View all whitepapers
  • Sign in
  •  
    •  

      Personalise your on site experience

      Download and use the apps

      Access your subscription from outside of the office

      Get relevant news and insight straight to your inbox

      Sign in
     
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • RSS
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
  • Register
  • Industry blogs
  • EM and Asia spotlight
  • ESG spotlight
Professional Adviser
Professional Adviser
  • Home
  • Multi-Asset
  • Retirement
  • Your profession
  • Regulation
  • Tax planning
  • Protection
  • Diversity
 
  •  

    Personalise your on site experience

    Download and use the apps

    Access your subscription from outside of the office

    Get relevant news and insight straight to your inbox

    Sign in
 
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Professional Adviser
  • Mortgages

House prices up 1.8% in February

house-2-small
  • By Emily Perryman
  • 09 March 2007
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
0 Comments

House prices rose by 1.8% to an average £192,233 in February, according to the latest Halifax house price index.

The annual rate of house price inflation remained unchanged at 9.9% for the third successive month, but on a quarterly basis the rate of house price growth has more than halved.

Prices rose 2.3% in the past quarter, following 4.7% growth in the previous three months.

Martin Ellis, chief economist at Halifax, says a shortage of new and second-hand properties available for sale has continued to push house prices up so far in 2007.

He adds: “However, there are signs emerging that the increase in interest rates since last summer is dampening housing demand but this is yet to feed through to house prices.

“Pressure on householders’ finances due to negative real earnings growth, higher interest rates and above inflation council tax rises are likely to curb housing demand, resulting in a gradual slowdown in house price inflation later this year.”

The latest Bank of England figures show mortgage approvals to fund house purchase in January were 6% lower than the recent peak from November 2006 and the latest RICS monthly survey shows new buyer enquiries fell in January.

But Halifax says the market remains very tight with low supply – both in terms of new house-building and second-hand properties available for sale – exerting upward pressure on house prices despite the easing in demand.

If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7034 2680 or email [email protected].

IFAonline

Related articles

  • Government launches mid-life MOT website
  • Perspective buys northwest England IFA Investment Principles
  • Government will not 'force pace of change' in AE
  • AIG Life pays 99% life claims
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Mortgages
  • Halifax
  • house prices

More news

  • Retirement
Government launches mid-life MOT website

First mentioned in Cridland Report

  • 20 February 2019
Ian Wilkinson
  • Companies
Perspective buys northwest England IFA Investment Principles

Second acquisition of 2019

  • 20 February 2019
Guy Opperman
  • Regulation
Government will not 'force pace of change' in AE

Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.

  • 20 February 2019
Abbie Knight
  • Your profession
Abbie Knight: Get your business ready for the £5.5trn wealth transfer

Four key areas to focus on

  • 20 February 2019
  • Insurer
AIG Life pays 99% life claims

And 94% for critical illness

  • 20 February 2019
Back to Top

Most read

Woman and apps
How online 'nudges' are encouraging women to invest
Schroders and Lloyds unveil financial planning business
Abbie Knight
Abbie Knight: Get your business ready for the £5.5trn wealth transfer
Sean Kulan: How prepared are solo-regulated firms for SM&CR?
CEO of the IA Chris-Cummings
IA launches communication guide in response to FCA criticism
  • About Us
  • Contact Us
  • Marketing solutions
  • Terms and conditions
  • Privacy and Cookie policy
  • RSS
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017