Wednesday, September 7, 2011

Citywire take on Halifax numbers

House prices fell 1.2% in August, says Halifax

UK house prices dropped by 1.2% in August, according to Halifax, marking an annual fall of 2.6%. The mortgage lender, part of Lloyds Banking Group, emphasised that while there had been a monthly decline, comparing the latest three months compared with the preceding three months showed a modest improvement in house prices. ‘The current low volume of sales tends to make house prices volatile from month to month,’ said Martin Ellis, housing economist at Halifax. Of the last ten months, half have shown declines in prices, while half have shown rises or no change.

Posted by dohousescrashinthewoods @ 04:21 PM (1501 views)
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3 thoughts on “Citywire take on Halifax numbers

  • Not sure Ellis does himself many favours with that last throwaway comment.
    Whilst “Of the last ten months, half have shown declines in prices, while half have shown rises or no change.” is true,
    so is “Of the last ten months, 6 have shown declines or no change in prices, while only 4 have shown rises.”

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  • Martin Ellis always reminds me of the National Trust. Very little consuming a lot.

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  • We're All In This Together says:

    You didn’t hear it on the BBC, folks.

    Not news, then.

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