-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: UK Annual House Price Infla Accelerates In Sept - Halifax
-- Halifax UK September House Prices +0.8% m/m; +1.4% 3m/3m; +4.0% 3my/y
By Kieran Williams
LONDON (MNI) - UK house price inflation slowed on a monthly basis in
September at 0.8% from a revised 1.5% in August, but the annual pace picked up
to 4.0% from 2.6% in August due to a favourable base effect.
On a quarterly basis, house prices rose 1.4% in the July-September period,
the fastest pace of increase in this measure since February according to data
from Halifax, the UK's leading mortgage provider.
"The annual rate of growth has picked up for the second consecutive month," said
Russell Galley, Managing Director, Halifax Community Bank, adding that "the
average house price is now stg225,109 - the highest on record."
The Halifax said continued tight supply has continued with sales
instructions hovering near an all time low, while sold employment growth has
also contributed to house price growth. Despite this prices remain lower than at
the start of the year and looking ahead Galley says "increasing pressure on
spending power and continuing affordability concerns may well dampen buyer
demand."
Bank of England mortgage approvals fell in the recent data after previously
rising to the highest levels since January, though remain in a narrow monthly
range between 65,100 and 68,700 which has held for the past 11 months.
Ahead of the Bank of England meeting in November, with increasing speculation of
a rate hike, Galley says "We do not anticipate this will have a significant
effect on transaction volumes."
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com
[TOPICS: MABDS$,M$B$$$,M$E$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.