Market report – surprise lift according to Halifax

Up 1.1% on the month, and 2.6% annually (comparing the three month average to the same period in 2016). The last figure’s a surprise lift from 2.1% at a time when other indices are looking more fragile. Nor is it just about low transactions and a shortage of property. Accompanying comment points to high employment and a bounce back in mortgage business too. But remember… the annual rate of house price inflation was at 10% in March 2016. Here you go.