Thursday, May 10, 2007
More property ramping
House prices look set to continue rising according to the latest data from Halifax. The ongoing shortage of property, particularly in London and the South East, means that pricing power continues to favour sellers over buyers. "There is accumulating evidence of a slight easing of conditions in the housing market with further signs of moderation in both demand and activity in the past month," said Martin Ellis, Halifax's chief economist. "Demand remains healthy which, together with tight supply, continues to push up prices."