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.
