{"id":1338,"date":"2016-10-12T07:00:15","date_gmt":"2016-10-12T06:00:15","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1338"},"modified":"2023-09-26T14:14:46","modified_gmt":"2023-09-26T13:14:46","slug":"septembers-rent-update-price-growth-eases","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/12\/septembers-rent-update-price-growth-eases\/","title":{"rendered":"September\u2019s Rent Update: Price growth eases further"},"content":{"rendered":"<p><strong>Halifax recently released their latest House Price Index stating that house prices in the three months to September 2016 were 5.8% higher than in the same three months in 2015.<\/strong><\/p>\n<p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/03\/will-house-price-growth-continue-post-brexit\/\" target=\"_blank\" rel=\"noopener\">At the same time<\/a>, prices in the last three months (July-September) were also 0.1% lower than in the previous quarter.<\/p>\n<p>Between August and September, prices increased by 0.1%, which followed a previous drop of prices in June and July.<\/p>\n<p>Furthermore, Halifax\u2019s House Price Index stated that the average first-time buyer has now hit 30 years. Whilst the youngest first-time buyer are in Cumbria and South Wales and average at 27 years, the oldest first-time buyers are 34 years old and buy property in Slough or some of London\u2019s boroughs.<\/p>\n<p><strong>Martin Ellis, Halifax housing economist, said: <\/strong><\/p>\n<blockquote><p>House prices in the three months to September were largely unchanged compared with the previous quarter. The annual rate of growth eased from 6.9% in August to 5.8%.<\/p>\n<p>&#8220;The housing market has followed a steady downward trend over the past six months with clear evidence of both a softening in activity levels and an easing in house price inflation.<\/p>\n<p>\u201cThe reduction in annual house price growth from a peak of 10.0% in March to 5.8% six months later remains in line with our forecast at the end of 2015. A lengthy period where house prices have risen more rapidly than earnings has put pressure on affordability, therefore constraining demand. Very low mortgage rates and a shortage of properties available for sale should, however, help support price levels over the coming months.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Halifax recently released their latest House Price Index stating that house prices in the three months to September 2016 were 5.8% higher than in the same three months in 2015. At the same time, prices in the last three months (July-September) were also 0.1% lower than in the previous quarter. Between August and September, prices<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/12\/septembers-rent-update-price-growth-eases\/\" title=\"ReadSeptember\u2019s Rent Update: Price growth eases further\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4510,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[100,33],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1338"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=1338"}],"version-history":[{"count":2,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1338\/revisions"}],"predecessor-version":[{"id":6090450,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1338\/revisions\/6090450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4510"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=1338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=1338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=1338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}