House prices set to re­main static

Yorkshire Post - Property - - PROPERTY -

House prices in­creased by 0.2 per cent, ac­cord­ing to the lat­est Hal­i­fax in­dex, which re­veals that prices are up by 4.6 per cent year on year.

Martin El­lis, Hal­i­fax hous­ing econ­o­mist, says: “This, to­gether with July’s rise, has re­versed much of the mod­est de­cline in the three pre­ced­ing months.

“Prices are now at a very sim­i­lar level to that at the end of last year. Ac­tiv­ity has also been largely static since the start of the year. These de­vel­op­ments sug­gest that the mar­ket is broadly sta­ble with house price in­fla­tion hav­ing cooled since last year. We ex­pect that UK house prices will re­main static over­all in 2010.”

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