View more on these topics

House prices up 0.1% in March

House prices edged up by 0.1 per cent in March, according to the latest house price index from Halifax.

On an annual basis, prices fell by 2.9 per cent taking the average house to £162,912 compared to £168,435 a year ago. Prices fell 0.6 per cent in the three months to March.

Approvals for house purchases remained largely unchanged from February – 47,000 – but were 60 per cent down on the 116,700 in February 2007.

Halifax housing economist Martin Ellis says: “Our forecast remains for a 2 per cent decrease in house prices in 2011 as a whole. Uncertainty over the general economic outlook and individual financial circumstances are likely to constrain housing demand, resulting in some modest downward pressure on prices.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com