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| House price growth eases to 8.4%, says Halifax | House price growth eases to 8.4%, says Halifax |
| (35 minutes later) | |
| Annual house price growth eased to 8.4% in the month of June, the lowest rate in a year, according to the Halifax, the UK's largest mortgage lender. | Annual house price growth eased to 8.4% in the month of June, the lowest rate in a year, according to the Halifax, the UK's largest mortgage lender. |
| The quarterly rate of growth was 1.2%, the slowest since December 2014. | The quarterly rate of growth was 1.2%, the slowest since December 2014. |
| Nevertheless, the average price of a house rose to another record high, at £216,823. | Nevertheless, the average price of a house rose to another record high, at £216,823. |
| The figures pre-date the result of the UK's EU referendum, which many economists believe will slow house price inflation even further. | The figures pre-date the result of the UK's EU referendum, which many economists believe will slow house price inflation even further. |
| "House prices continue to increase, albeit at a slower rate, but this precedes the EU referendum result, therefore it is far too early to determine any impact since," said Martin Ellis, Halifax's housing economist. | "House prices continue to increase, albeit at a slower rate, but this precedes the EU referendum result, therefore it is far too early to determine any impact since," said Martin Ellis, Halifax's housing economist. |
| One economist, Dr Howard Archer, of IHS global Insight, has a particularly gloomy view. | |
| "Despite the Halifax reporting a marked rise in house prices in June itself, we believe that the prospects for the housing market have deteriorated markedly following the Brexit vote," he said. | |
| "Housing market activity and prices now look to be at very serious risk of an extended, marked downturn following the UK's vote to leave the EU." | |
| Where can I afford to live? | Where can I afford to live? |