House prices fall in April by 2.4pc

Yorkshire Post - Property - - FRONT PAGE -

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.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.