House prices up 1%, back to last year’s figures – Halifax House Price Index – Dec 09

The Halifax, the UK’s largest mortgage lender, today announced that according to its house price index prices are back to figures seen last year, being up 1.1% from December 2008. This is Halifax’s first annual rise since March 2008, although Nationwide reported they had seen this back in September.

“House prices increased for the sixth consecutive month in December. The 1.0% rise between November and December was slightly below the average increase over the previous five months….

….Overall, our current view is that house prices will be flat during 2010.” Stated Martin Ellis, housing economist.

For more information visit news.bbc.co.uk or www.lloydsbankinggroup.com

Alec Hanson



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