House prices fall marginally according to Halifax figures
House prices fall marginally according to Halifax figures
Thursday 8th July 2010
House prices in the UK fell marginally in June, according to figures out today from the Halifax.The bank's house price survey found value in June prices fell 0.6 per cent compared to the month before, with the average price of a home now at £166,203.
The Halifax says they expect home prices to remain relatively steady for the remainder of 2010.
Martin Ellis, housing economist, said: "House prices fell by 0.6 per cent in June following a similar decline in May. Prices in the April to June quarter were largely unchanged compared with the first three months of the year. This continued the slowdown in house price growth since the beginning of the year following the moderate recovery in prices during much of 2009. This pattern is in line with our view that house prices will be broadly unchanged over 2010 as a whole.
"A shortage of properties for sale in 2009 contributed to an imbalance between supply and demand and was a key factor driving up house prices last year. An increase in the number of properties available for sale in recent months has helped to reduce the imbalance, relieving the upward pressure on prices. The low level of interest rates, however, continues to support housing demand."
Related News
Marks and Spencer see third consecutive rise in quarterly sales - 07/07/10
Marks and Spencer today revealed its third consecutive rise in quarterly sales, but warned that the Budget had made it cautious about the months ahead
Marks and Spencer today revealed its third consecutive rise in quarterly sales, but warned that the Budget had made it cautious about the months ahead
BP oil spill latest: Cost surpasses $3 billion mark - 05/07/10
The cost of the BP oil spill has surpassed the $3 billion mark, the oil giant said in statement today
The cost of the BP oil spill has surpassed the $3 billion mark, the oil giant said in statement today
Australian government and miners reach deal over tax plans - 02/07/10
Australia's new prime minister Julia Gillard and mining companies have reached a deal over plans to tax miners' profits at 40 per cent
Australia's new prime minister Julia Gillard and mining companies have reached a deal over plans to tax miners' profits at 40 per cent
Toyota recalls thousands more cars due to engine fault - 02/07/10
The latest in a series of quality control failures at Toyota has seen the manufacturer recall 270,000 cars worldwide
The latest in a series of quality control failures at Toyota has seen the manufacturer recall 270,000 cars worldwide
News Article Search
Quick Apply
News Archive