House prices steady in first quar­ter

Yorkshire Post - Property - - FRONT PAGE -

HOUSE prices in the first quar­ter of 2012 were lit­tle changed com­pared with the final quar­ter of 2011, show­ing a de­cline of just 0.1%, ac­cord­ing to The Hal­i­fax.

This was the same as the slight fall recorded be­tween the third and fourth quar­ters of 2011. The un­der­ly­ing trend in­di­cates broad sta­bil­ity in UK house prices.

The more volatile monthly fig­ures con­tinue to fluc­tu­ate as a re­sult of the his­tor­i­cally low level of sales vol­umes, in­creas­ing by 2.2% in March fol­low­ing Fe­bru­ary’s 0.4% fall.

Hal­i­fax say ef­forts by first-time buy­ers to beat the ex­piry of the stamp duty hol­i­day have prob­a­bly in­creased sales. It ex­pects lit­tle over­all move­ment in prices this year pro­vided that the UK econ­omy does not weaken.

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