House prices fall in April by 2.4pc
THE Halifax report that house prices were down 2.4 per cent in April.
However, Martin Ellis, Halifax housing economist, says: “Prices in the three months to April were 0.3 per cent higher than in the previous quarter, marking the first rise in this measure for seven months. Despite the slight improvement in the underlying trend in recent months, house prices continue to lack real direction. The monthly figures continue to fluctuate quite widely with a 2.4 per cent decline in April, wiping out March’s 2.2 per cent rise. The ending of the stamp duty holiday for first-time buyers in late March appears to have boosted sales.” The Halifax predict little movement in prices over the rest of the year.