Up­ward trend in house prices

Yorkshire Post - Property - - PROPERTY -

HOUSE prices rose by 1.2 per cent in June, ac­cord­ing to the Hal­i­fax.

Martin El­lis, hous­ing econ­o­mist, says: “House prices in the three months to June were 0.5 per cent lower than in the pre­vi­ous quar­ter.

“This was the small­est quar­terly fall in prices since the sec­ond quar­ter of 2010 but there was a 1.2 per cent rise in prices in June.

“Low in­ter­est rates, an in­crease in the num­ber of peo­ple in em­ploy­ment and some tight­en­ing in mar­ket con­di­tions ear­lier in the year are likely to have been the main fac­tors be­hind the re­cent im­prove­ment in price trends. A slowly im­prov­ing econ­omy and sus­tained low in­ter­est rates should help sup­port broad sta­bil­ity in the mar­ket.”

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