Friday, February 6, 2009
Return of the Bull
Estate agents have claimed the North East housing market is slowly turning the corner as national figures show a slight rise in house prices. Halifax yesterday revealed house prices have unexpectedly risen by 1.9% during January, ending 10 consecutive months of price falls. Some expect the national picture will continue to decline, especially in the South East, but estate agents selling houses across the North East believe the region may be among the first to recover. Halifax North East manger Chris Stonoch last night said that while there was no regional breakdown of the housing figures, there was plenty of evidence “on the shop floor” to suggest the market had bottomed out.