We Know Property

Martin Ellis, Halifax housing economist, commented

“House prices increased by 1.4% in November. This was the fifth successive monthly rise with prices more than 4% higher over the first eleven months of the year.
Somewhat higher demand has combined with a low level of properties available for sale to push up prices. Further ahead, the prospects for the market will depend on how the UK economy evolves and whether there is a significant increase in the supply of properties for sale. Overall, our view is that house prices will be flat during 2010.”

See  www.lloydsbankinggroup.com for the full report

The number of loans for house purchase in the UK reached 55,000 in October 2009, its highest level since December 2007, according to new data released by the Council of Mortgage Lenders. The amount of buyers has risen from a low in January 2009 when only 23,000 loans were advanced. It is now up 140% from that low point. For the full story see the following link http://www.cml.org.uk/cml/media/press/2489