{"id":25371,"date":"2016-09-07T22:12:54","date_gmt":"2016-09-07T15:12:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=25371"},"modified":"2016-09-07T20:31:00","modified_gmt":"2016-09-07T13:31:00","slug":"uk-house-prices-slide-for-a-second-month-as-high-values-stifle-demand","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-slide-for-a-second-month-as-high-values-stifle-demand\/","title":{"rendered":"UK house prices slide for a second month as high values stifle demand"},"content":{"rendered":"


\nUK house-prices fell for a second month in August, as high prices curbed demand and sales activity softened, Halifax said.Prices slipped 0.2 per cent, after dropping 1.1 per cent in July, the mortgage lender said on Wednesday. In the three months through August, values grew 0.7 per cent, the slowest quarterly pace since December 2014. From a year earlier, values increased 4.1 per cent to an average \u00a3213,930 (Dh1.05 billion) , while the three-month annual rate of growth slowed to the least since 2013.While Halifax did not mention whether Britain’s vote to leave the European Union was a factor in the August decline, last month it said it was too early to tell what the effect would be. The most recent data from the Bank of England showed mortgage approvals slowed in July and the central bank has said both housing transactions and house-price inflation “may decline further.””House-price growth continued the trend of the past few months in August with a further moderation in both the annual and quarterly rates of increase,” said Martin Ellis, an economist at Halifax. “There are also signs of a softening in sales activity.”House-price gains outpacing earnings is expected to constrain demand, curbing price growth, he said.”Housing-market activity is likely to be limited over the coming months and prices will be increasingly pressurized as mounting uncertainty affects the economy and also constrains consumer confidence and willingness to engage in major transactions,” said Howard Archer, the chief European economist at IHS Global Insight in London. “We suspect that business and consumer uncertainty will heighten in 2017 once the UK formally launches divorce proceedings from the EU.”business@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…UK house prices slide for a second month as high values stifle demand<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UK house-prices fell for a second month in August, as high prices curbed demand and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-25371","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6Bd","jetpack-related-posts":[{"id":66156,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rising-amid-shortage-of-properties-says-halifax-2\/","url_meta":{"origin":25371,"position":0},"title":"UK house prices rising amid shortage of properties, says Halifax","date":"September 12, 2017","format":false,"excerpt":"\r British house price growth picked up last month, underpinned by strong employment growth and a shortage of properties on the \u00admarket, according to the country\u2019s biggest mortgage lender. The average price of a house rose 1.1 per cent to \u00a3222,293 (US$293,029) in August, Halifax said. Prices in the three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/house-prices-rise-across-uk-except-in-prime-central-london\/","url_meta":{"origin":25371,"position":1},"title":"House prices rise across UK – except in prime central London","date":"November 8, 2016","format":false,"excerpt":"\r The price of central London's most expensive homes fell again in October, while those in the rest of the United Kingdom rose, new reports said on Monday.In the latest sign that the capital's high-end property market is cooling since Britons voted to leave the European Union, Knight Frank said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-decline-following-rush-to-beat-new-property-tax\/","url_meta":{"origin":25371,"position":2},"title":"UK house prices decline following rush to beat new property tax","date":"May 9, 2016","format":false,"excerpt":"\r UK house prices fell in April after a surge of rental investors rushing to beat a tax change bolstered the market earlier in the year, according to the Halifax.Average values dropped 0.8 per cent from March, the mortgage lender said on Monday. That reduced the annual gain to 7.8\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43155,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-drop-for-first-time-since-brexit\/","url_meta":{"origin":25371,"position":3},"title":"UK house prices drop for first time since Brexit","date":"February 7, 2017","format":false,"excerpt":"\r British house prices suffered their first fall in monthly terms since shortly after June's Brexit vote, the mortgage lender Halifax said on Tuesday, a latest sign of a slowing in the housing market.House prices fell 0.9 per cent in January alone after a 1.6 per cent surge in December.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rising-amid-shortage-of-properties-says-halifax\/","url_meta":{"origin":25371,"position":4},"title":"UK house prices rising amid shortage of properties, says Halifax","date":"September 7, 2017","format":false,"excerpt":"\r Mortgage lender says employment growth may also have boosted prices, although consumers are facing squeezeUK house price growth picked up last month, underpinned by strong employment growth and a shortage of properties on the market, according to Britain\u2019s biggest mortgage lender.The average price of a house rose by 1.1%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-expected-to-rise-6pc-in-2016\/","url_meta":{"origin":25371,"position":5},"title":"UK house prices expected to rise 6pc in 2016","date":"December 7, 2015","format":false,"excerpt":"\r British house price are likely to rise more slowly next year, at 4 to 6 per cent, compared with growth of nearly 10 per cent in the past 12 months, mortgage lender Halifax forecast.\r \r Source : South China Morning Post\r Read more...UK house prices expected to rise 6pc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25371"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=25371"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25371\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=25371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=25371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=25371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}