House prices have fallen, says Halifax

Yorkshire Post - Property - - PROPERTY -

HOUSE prices fell by 0.6 per cent in the three months to Novem­ber, says The Halifax.

Martin El­lis, Halifax hous­ing econ­o­mist, says: “Prices also fell by 0.9 per cent be­tween Oc­to­ber and Novem­ber. This fol­lowed Oc­to­ber’s 1.2 per cent gain, there­fore, con­tin­u­ing the very mixed monthly pat­tern seen this year.

“Over­all, house prices have re­mained re­mark­ably sta­ble in 2011 de­spite the dif­fi­cult and de­te­ri­o­rat­ing eco­nomic cli­mate and the sub­stan­tial pres­sure on house­holds’ fi­nances. The UK av­er­age price now is only marginally lower than at the end of 2010.

“In ad­di­tion, ac­tiv­ity has re­cently shown a few signs of strength­en­ing a lit­tle.”

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