house prices stable, says halifax by Finance News Bulletin

Published: 19/12/07

UK house prices rose last month, indicating that the possessions market is strengthening, a new report claimsFigures from Halifax indicated a 02 per cent increase in possessions prices for July 2006 following two months of fallsThe high road lender suggests that new falls and increases mean that the market is becoming more stable and has raised its full-year predictions for house price enlargement, from three per cent to five per cent

The standard UK home now costs £177,020 and the standard rate of house price add to is 88 per cent Halifax predicts that present high levels of employment will continue to petroleum the property marketHalifax chief economist, Martin Ellis, commented: "We expect the annual rate of home price inflation to ease, partly because the corresponding figures last year were strong

greater than before pressure on householders' finances and rising speculation of interest rate rises are also probable to curb demand"The Bank of England's Monetary Policy Committee (MPC) is due to create its monthly decision on interest tax this morningThe MPC is expected to keep the cost of borrowing at 45 per cent, but it is expected to be the closest decision for many months

Analysts are forecasting a quarter tip increase before the end of this year amid strong price rises, house prices and economic growth in Britainconditions of use Advertising Resources Product guides Press releases About us

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