Oc­to­ber saw small drop in prices

Yorkshire Post - Property - - PROPERTY -

THE Halifax house price in­dex shows a small de­cline in prices last month.

Martin El­lis, Halifax hous­ing econ­o­mist, says: “House prices in the three months to Oc­to­ber were 0.3 per cent lower than in the pre­ced­ing three months. There was a 1.2 per cent in­crease be­tween Septem­ber and Oc­to­ber, ac­cord­ing to the more volatile monthly fig­ures, con­tin­u­ing the highly mixed monthly pic­ture.

“While there have been five monthly price rises, four falls and one month of no change, there has been lit­tle change in prices dur­ing 2011. The hous­ing mar­ket has proved highly re­silient de­spite the weak eco­nomic re­cov­ery and the de­te­ri­o­ra­tion in the out­look for both the UK and global economies.”

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