Rics comments on Halifax house price index
www.moneynews.co.uk > Housing market > Rics comments on Halifax house price index
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Rics comments on Halifax house price index
Fri 3rd Apr 2009
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A statement from the institution advised home owners and the industry not to read too much into Nationwide's house price data this week, after the building society recorded a 0.9 per cent increase in property values between February and March.
That figure has been countered by Halifax which claims that the monthly average decreased by 1.9 per cent. Rics believes these latest figures back up its opinion that it is too early to assume that prices have bottomed out.
Nevertheless, the body is optimistic that despite the uncertainty over prices and the low level of turnover in the market, transaction activity is likely to increase from this point onwards.
Click here for more housing market news.
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