Show/Hide Navigation Menu
We buy ANY house!
Call us FREE on 0800 078 9623
Or for local rates 0161 907 1594
0161 907 1594
Property Buyers - Code of Practice
Why use us to sell your house?
Arrow pointing to benefits
  • Quick sale
  • Best price
  • Guaranteed
  • No fees

Get a FREE estimate and guaranteed offer for your house

Index Prices Steadily Decline Says Halifax

According to Property Wire, average house price fell by 1.4%, analysts although expect a rise of 0.1% making the total price decline 3.7% more than the last year. The average property price now 20% below its peak in August 2007, is now 160,395 pounds. Halifax housing economist Martin Ellis said that underlying trend in house prices continues to be one of modest decline.

He explained that weak confidence amongst households, partly due to uncertainty over the economic outlook, is constraining housing demand and resulting in some downward movement in prices.

Signs of a modest tightening in housing market conditions, a relatively low burden of servicing mortgage debt and an increase in the number of people in employment are all likely to be providing support for house prices, curbing the pace of decline. There are signs that house sales are stabilising albeit at a level lower than the historical average, he added.

The index prices are now to be seen declining steadily since the middle of last year. The lenders are also seen to become more active, as the signs show. The number of mortgages to improve finance also seen a shoot up, where as the number of sales successfully completed has also been subjected to rise. These measures were also pointed out by Halifax.

The number of mortgages approved to finance house purchase, a leading indicator of completed house sales, increased by 2% between February and March on a seasonally adjusted basis, according to Bank of England industry-wide figures. Approvals in 2011 quarter one were also 2% higher than in the fourth quarter of 2010, says a Halifax report.

Two easy ways to get a no obligation offer for your property.

Get a FREE estimate and guaranteed offer for your house


Privacy guaranteed

Rest assured, none of your details are ever shared with third parties under any circumstances.

Open Quote

The sale went through very quickly with hardly any hassle and I have been able to stay in my home, which meant no disruption for myself and my children.I would definitely recommend this to anyone in a similar situation.

Mrs J, Exeter

Close Quote