Wednesday, August 4, 2010
House Price Crash Cancelled
House prices rose 0.6% month on month in July, according to Halifax. Economists had predicted a 0.3% drop. Compared to a year ago, prices are up 4.9%. Halifax said that the mixed pattern of prices rises and falls so far this year was "consistent with a slowing market" and reiterated its view that prices would be "broadly unchanged" over 2010 as a whole.