Halifax House Price Index (3825T)
06 Dezember 2011 - 9:00AM
UK Regulatory
TIDM68FF
RNS Number : 3825T
HBOS PLC
06 December 2011
Halifax House Price Index
National Index November 2011
All Houses, All Buyers Index (1983=100)
Annual Change -1.0% Quarterly Change Monthly Change
-0.6% -0.9%
Standardised Average Price (seasonally adjusted) GBP161,731
Commenting, Martin Ellis, housing economist, said:
"House prices in the three months to November were 0.6% lower
than in the previous three months. Prices fell by 0.9% between
October and November. This followed October's 1.2% gain, therefore,
continuing the very mixed monthly pattern seen this year.
"Overall, house prices have remained remarkably stable in 2011
despite the difficult and deteriorating economic climate and the
substantial pressure on households' finances. The UK average price
now is only marginally lower than at the end of 2010. In addition,
activity has recently shown a few signs of strengthening a little.
We expect the market to remain broadly unchanged in terms of both
prices and sales over the coming few months as demand and supply
conditions alter little."
Key facts
-- House prices in the three months to November were 0.6% lower
than in the preceding three months. This measure of the underlying
trend was negative for the second successive month following three
consecutive increases.
-- On a monthly basis, house prices fell by 0.9% in November.
This continued the very mixed picture shown by the more volatile
monthly figures. There has been an even split of monthly price
rises and falls this year with five of each and one month of no
change.
-- The average UK house price in November was marginally lower
than at the end of last year. The average price in November was
0.7% lower than in December 2010 on a seasonally adjusted basis, at
GBP161,731.
-- Annually, prices in November were 1.0% lower as measured by
the average for the three months to November against the same
period a year earlier. This continues the improvement experienced
since May when prices were 4.2% lower and is the smallest annual
fall since November 2010 (-0.7%).
-- Signs of a modest pick-up in housing activity. The
industry-wide number of mortgages approved to finance house
purchase - a leading indicator of completed house sales - increased
by 3% in October and was 13% higher than in October 2010. The
seasonally adjusted total of 52,700 in October was both the highest
this year and the highest since December 2009. (Source: Bank of
England)
The Halifax House Price Index is prepared from information that
we believe is collated with care, but we do not make any statement
as to its accuracy or completeness. We reserve the right to vary
our methodology and to edit or discontinue/withdraw this, or any
other report. Any use of this report for an individual's own or
third party commercial purposes is done entirely at the risk of the
person making such use and solely the responsibility of the person
or persons making such reliance. (c) Bank of Scotland plc all
rights reserved 2011.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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