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Article: Housing market will be flat this year, says Halifax; HOUSING.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- March 7, 2008
CopyrightCOPYRIGHT 2008 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Britain's biggest mortgage lender, Halifax, yesterday reported a 0.3 per cent fall in house prices in February, lowering the year-on-year increase to 4.2 per cent, down from a recent peak of 11.4 per cent in August and the price of an average home to pounds 196,649 On a three-monthly comparison, the Halifax measure of house prices is still 0.2 per cent higher than for September/November. This is because, unlike Nationwide's index, Halifax reported a sharp recovery in ...