Halifax House Price Index m/m shows the change in the price of homes and properties in the given month compared to the previous month. The index is calculated based on long-term data from Halifax Bank of Scotland (HBOS), one of the UK's largest mortgage lenders. Monthly price data statistic goes back to 1983.
This long-term data is used to calculate a "standardized" house price and measure its changes.
The index growth can have a positive effect on the GDP quotes.
The chart of the entire available history of the "Halifax United Kingdom House Price Index (HPI) m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.