House prices rise but growth is slowing - Halifax

Latest findings by the lender suggest values should remain stable despite a slolw down in growth. House prices increased by 1.3% in July, having risen 1.2% in June, and these figures suggest a slowing of growth against an average 2% increase for the previous six months, the lender says. However, Halifax predicts house prices to remain relatively stable despite interest rises and affordability, which will temper continued growth. The fundamentals for the market, of strong economy, strong labour market, still below average interest rates and a longer term supply shortages, will keep ...