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Halifax House Price Index - House prices in March 2020 were 3.0% higher YOY


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58 minutes ago, Saving For a Space Ship said:

Latest Halifax House Price Index.

House prices in March 2020 were 3.0% higher than the same month a year earlier.

https://www.halifax.co.uk/media-centre/house-price-index/

https://static.halifax.co.uk/assets/pdf/mortgages/pdf/March-2020-House-Price-Index.pdf

No change at all month on month however.

Lets are what June 2020 looks like!

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Spot the contradiction:

March House Price Report:

“Lenders have stepped up to offer their support, giving customers up to an additional three months to complete their home purchase at the agreed mortgage rate, alongside payment holidays for existing customers. We continue to have confidence in the fundamental strength of the housing market and remain ready and willing to lend on new mortgages, as well as product transfers and further advances, wherever and whenever there is demand.”

 

Reality:

https://www.theguardian.com/money/2020/mar/26/halifax-withdraws-majority-of-mortgages-coronavirus

https://www.mortgagestrategy.co.uk/news/halifax-withdraws-all-mortgages-over-60-ltv/

 

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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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