Housing slowdown continues
Series: Halifax Press Release ; September 2004, 6 October 2004 (5)Publication details: 2004Subject(s): Summary: The latest "Halifax house price index" shows that there was a slight rise of 1.4% in house prices in September 2004. The quarterly increase of 2.7% in the third quarter was less than half the 6.1% gain in the second quarter - a sure sign that house price inflation is slowing. The differential between the average house price in the south and the north of England has fallen to its lowest level for nearly six years in percentage terms. The average price in the south is now 1.68 times that of its equivalent in the north compared with a peak of 2.19 times in the second quarter of 2002. The recent interest rate rises are expected to continue to curb demand over the coming months and house price inflation is expected to ease.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB4038-12 (Browse shelf(Opens below)) | 1 | Available | 127631-1001 |
The latest "Halifax house price index" shows that there was a slight rise of 1.4% in house prices in September 2004. The quarterly increase of 2.7% in the third quarter was less than half the 6.1% gain in the second quarter - a sure sign that house price inflation is slowing. The differential between the average house price in the south and the north of England has fallen to its lowest level for nearly six years in percentage terms. The average price in the south is now 1.68 times that of its equivalent in the north compared with a peak of 2.19 times in the second quarter of 2002. The recent interest rate rises are expected to continue to curb demand over the coming months and house price inflation is expected to ease.