No Move in House Prices Says Halifax

Summary


Banking giant Halifax yesterday reassured homeowners that a crash in the UK property market was unlikely after forecasting a two per cent fall in house prices this year.

Halifax said the housing market remained 'sound' as interest rates are low and set to fall to 4.25 per cent by the end of this year, employment is higher than in 2004 and mortgage payments account for only a fifth of the incomes of new buyers.

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No Move in House Prices Says Halifax

Data released by Halifax show that house prices were unchanged d...

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