“Average house prices recorded by the Halifax in July 2011 is £163,981.” Alison O’Connor

Article: Source NAEA

Halifax House Price Index – July 2011

The latest House Price Index has been published by Halifax, showing that:

• House prices in the three months from May to July were 0.5% higher than in the preceding three months. This is the first increase in this measure of the underlying trend since May 2010 (0.1%)
• The average UK house price in July was marginally higher (0.7%) than in December 2010 on a seasonally adjusted basis, at £163,981
• On an annual basis, prices in July were 2.6% lower as measured by the average for the three months to July against the same period a year earlier. This was the second successive improvement in the annual rate from a low of -4.2% in May
• There has been little change in housing activity trends.