After easing marginally on a monthly, quarterly and annual basis in August, U.K. Halifax house price index for September increased by 0.1 percent, taking the average price of a home to £214,024. Analysts had expected U.K. Halifax HPI to remain unchanged at 0.0 percent last month.
House price growth however, eased in the three months to September. The quarter on quarter change is a more reliable indicator of the underlying trend and added to signs the housing market is slowing after the EU referendum in June, according to Halifax on Friday. On a quarter-on-quarter comparison, prices fell 0.1 percent. Prices rose an annualised 5.8 percent in the quarter to an average of £214,024 following a 6.9 percent year-on-year increase in the three months to August. It marked the slowest pace in more than three years.
"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,” said Halifax housing economist Martin Ellis.
"Very low mortgage rates and a shortage of properties available for sale should, however, help support price levels over the coming months," he added.


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