We Know Property

The Halifax House price index for Dec 2009 increased by 1.0 per cent in December, the sixth consecutive month of rises.  The monthly increase was slightly below the average for the preceding five months (1.2 per cent).

Martin Ellis, housing economist, said:”The prospects for the housing market this year will depend on how the UK economy evolves and whether there is a significant increase in the supply of properties for sale. Overall, our current view is that house prices will be flat during 2010.”

see http://www.lloydsbankinggroup.com/media1/research/halifax_hpi.asp for more information