Halifax housing market data counters Nationwide
www.moneynews.co.uk > Housing market > Halifax housing market data counters Nationwide
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Money News |
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Halifax housing market data counters Nationwide
Fri 3rd Apr 2009
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In its latest house price index, Halifax reveals that house prices fell by 1.9 per cent in March, compared to February. This counters Nationwide's figures, which show a monthly rise of 0.9 per cent.
One area in which the reports agree is that the rate of decline is slowing. According to Halifax, the year-on-year drop of 17.5 per cent was lower that the 17.7 per cent slide recorded in February, while Nationwide recorded an annual decrease of 15.7 per cent - compared to 17.6 per cent during the previous month.
Martin Ellis, housing economist for Halifax, said that the market is likely to face continuing difficulties in 2009, due to credit conditions, low consumer confidence and increasing unemployment.
Click here for more housing market news.
Related News : Housing market |
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Related News : Halifax |
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