House prices show improvement as market stabilises

Thursday, 07 June 2012 09:31

The forecast for UK house prices is a stable one following a recent price rise.
UK house prices have recorded a slight rise for May for the second consecutive month.
According to the Halifax House Price Index there was a 0.8 per cent improvement in May’s figures compared to the prior three months.
May saw house prices increase by 0.5 per cent compared to April figures.
This also follows six consecutive price falls between October 2011 and March 2012.
This means house prices could remain steady as confidence is regained in the market.

“Whilst there has been a modest improvement in the trend for house prices recently, the current average UK price is very similar to the levels both a year ago and at the beginning of this year,” Martin Ellis, Halifax housing economist said.
 “We expect this situation to continue with prices likely to still be around today's levels at the end of 2012 as the ongoing tough economic environment constrains housing demand.”

Small rises in the average house price in the UK are most notable between January and May.
The average house price in May was £160,941, which sits 0.7 per cent above the price recorded in December last year.
Going forward Mr Ellis believes stability will hold out until the end of the year rather than any significant market movement.
“Overall, the trend for sales - like that for prices – appears to be one of broad stability," he said.
 

Property prices up by 1.2% in October, says Halifax

The cost of a home in the UK went up by 1.2 per cent last month, according to data from the Halifax. According to the lender’s latest house price index, the average house is now worth in the region of £163,311.

House prices for June show improvement

June has clocked up a minor improvement is house prices according to an index out today. The Rightmove house price index has seen a one per cent monthly rise in asking prices compared to May.

Woking 'UK's top house price performer in 2011'

Families with homes in Woking have some good news to blow away the January blues. It seems Woking is the UK's top house price performer in 2011, rising a whopping 16% in a report comparing 130 towns by the house price team at Halifax.

House prices ‘down 0.5% in 2011’

The average cost of a house in England and Wales was around £220,385 in December, up 0.2 per cent on the previous month, latest analysis suggests. Over 12 months, however, house prices took a slight dip of 0.5 per cent.

London Olympics forecast to stagnate house prices

The London Olympics will further stall house prices amidst the summer slowdown according to Hometrack. The Hometrack house price index has shown no movement in house prices for June blaming the seasonal slowdown and the Eurozone for the stall.

 

House Price Index

Energy Bill