 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS House prices fall at 'modest pace'  The residential property conveyancing market has stabilised, but at a low level, new figures showing the continued downward trend of house prices reveal. According to the Halifax, house prices have fallen by 0.6 per cent over the last three months. However, the volume of residential property conveyancing transactions bounced back from the end of 2010. The number of mortgages approved to finance house purchases, which is seen as a main indicator of completed house sales, recovered further from its December low with a two per cent increase between January and February. Average house prices actually increased slightly between February and March, rising 0.1 per cent to £162,912. However, prices in March were 2.9 per cent lower than the same month in 2010. Halifax housing economist Martin Ellis said: "The recent increase in employment, particularly those in full-time jobs, may have been an important factor supporting the market." He said the lender expects prices to fall two per cent over the rest of the year, as "the general economic outlook and individual financial circumstances are likely to constrain housing demand". It comes after figures from the Land Registry indicated there is continued downward pressure on prices as the average cost of buying a home slipped 0.8 per cent between January and February. Posted by Alex McLean 
Related Articles: 17/5/2012 - Discussing death remains taboo as wills and inheritance tax planning suffers 11/5/2012 - Queen's Speech legal reforms welcomed 4/5/2012 - Create Lasting Power of Attorney before it's too late 2/5/2012 - Support for will writing regulation grows 25/4/2012 - Inheritance tax planning could net £450m a year in savings More Individual Legal Services News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |