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Halifax House Price Index May 2019

Brian Murphy, head of lending for Mortgage Advice Bureau, said:

“The latest data released from Halifax this morning proves yet again how erratic any monthly changes to average property prices can be. The April figures suggest an average month on month increase; a reversal of fortune, it would seem, from the month on month decrease reported by the same index in March. The year on year growth figures in April appear more consistent with the picture from the previous month, although it’s likely that this is being supported by the ongoing lack of properties for sale in many parts of the UK.

"With the usual spring market perhaps not quite as bouncy as usual, we’re seeing continued lender competition as mortgage rates remain at or close to record lows and a number of new products having been launched of late. In particular, lenders are keen to attract First Time Buyers who are widely seen as providing support for the rest of the market. Overall then, whilst not earth-shattering, one might perhaps view this latest set of data as an indication that the market remains on a steady footing.”

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