New Home Owners And Snagging Forum
Home Owners => House Prices and the housing market => Topic started by: Philofacts on August 08, 2011, 11:38:29 am
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House prices have gone up for the third month in a row, according to the Halifax mortgage lender.
In the latest monthly survey the Halifax says house prices rose in July by just 0.3%, leaving them 2.6% lower than a year ago at an average of £163,981.
Over the last three months, prices were 0.5% higher than they were in the previous quarter.
That was the first such increase in 14 months, indicating that prices were stabilising, according to its Halifax housing economist Martin Ellis.
"Overall, there has been little change in either the level of house sales or the number of properties on the market for sale since late 2010, the steady market conditions have helped to stabilise house prices in 2011 following last year's modest decline. This pattern is expected to continue over the rest of the year with little genuine direction in either house prices or sales."