Price re­main flat, says Hal­i­fax

Yorkshire Post - Property - - PROPERTY -

The Hal­i­fax sur­vey re­veals that prices were stag­nant last month.

Martin El­lis, chief hous­ing econ­o­mist, says: “House prices were broadly flat in April, de­clin­ing by just 0.1 per cent. This fol­lowed a 1.0 per cent in­crease in March. The un­der­ly­ing rate of house price growth has slowed in re­cent months fol­low­ing the rel­a­tively sharp re­bound, al­beit from a low base, in the sec­ond half of 2009. The im­prove­ment in house prices since spring 2009 has en­cour­aged more peo­ple to try to sell their prop­erty. New sales in­struc­tions have risen, help­ing to push up the stock of un­sold prop­er­ties in re­cent months. As a re­sult, the im­bal­ance be­tween sup­ply and de­mand is eas­ing.”

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