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Head and shoulders above the rest


A series of reports issued within hours of each other suggest the market is at least slowing - but with some fear that it might be in more serious trouble.

Halifax says annual house price growth rate has now peaked at 10 per cent and will grow in future at a considerably slower pace.

Its latest figures - just one snapshot for one month based on the mortgage lender’s data, of course - shows a modest 0.6 per cent price rise on average across the UK in September. The price of the typical property rose to £187,188.

Prices in the three months to September were 2.7 per cent higher than in the preceding quarterbut the Halifax says this marked the second successive decline in the quarterly rate.

“The recent rapid rise in house prices in some parts of the UK, earnings growth that remains below consumer price inflation and the possibility of an interest rate rise over the coming months, appear to have tempered housing demand” says Martin Ellis, the Halifax’s chief economist and author of its house price index.

“A moderation in growth looks likely during the remainder of 2014 and into next year as supply and demand become increasingly better balanced.”

The weather may be getting colder but our enthusiasm is still red hot.

If you require any further information on any of our properties or wish to book a viewing please call my office, also feel free to give my office a call if you are thinking of putting your property on the market for FREE valuation. Call 0161 882 2233.

'Always do your best. What you plant now, you will harvest later'.

Kind regards

Edward Ellis MNAEA
Director
JP & BRIMELOW Chorlton



END TERRACED, FOUR BED, CHORLTON

TERRACE, FOUR BED, CHORLTON

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SEMI DETACHED, FOUR BED, CHORLTON

SEMI DETACHED, THREE BED, CHORLTON

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