Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK house prices rose at the fastest month-on-month rate in over 14 years in September, pushing the average cost of a house across the UK to a record high, the Halifax said Thursday. Average prices rose 1.7% month-on-month, with annual prices up 7.4%, snapping a three-month downtrend in y/y growth that peaked at 9.6% in May, the data release showed..
Although the ending of stamp duty has certainly had some impact 'down the line' on September increases, many factors remain in play, according to Russell Galley, Halifax managing director, who also pointed to the post-pandemic 'race for space' as lifestyle choices adapt.
The strength of the housing market has unnerved some observers. In a recent interview with MNI, former BOE MPC member David Miles warned on the valuation of UK property prices.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.