| |
Share, Like & Tweet!
|
|
|
|
|
< back to news stories
House prices rise 1.2% in October
20/12/2011
It has been reported by the Halifax that house prices have risen in October by 1.2%. However, over the past year, five increases, four falls and one month that saw no change in house prices. This indicates the growing uncertainty in the housing market.
An economist at Halifax, Martin Ellis stated that with the continued promise of low interest rates by the Bank of England, we should see continued growth in the housing market.
It is anticipated that due to the weak economic recovery and the deterioration in UK and global economies outlook; the housing market is proving to be highly resilient. Martin predicts that prices and activity will remain close to current levels over the next few months.
Homeowners aged over 55 years who are would like to carry out some home improvements or perhaps enjoy an exotic holiday and would like to know how much money the value of their property could release to provide a cash lump sum or increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
|
| |
|