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UK: Market for housing is in ‘limbo’, says bank’s expert

Posted on 07 October 2011

The housing market is lacking direction, Halifax has warned. Its latest house price index, published yesterday, showed that property prices slumped a further 0.5 per cent last month after falling 1.1 per cent in August.
Over the quarter, prices showed an increase of 0.1 per cent, the first quarterly increase since the first three months of 2010. But that is not a sign that the market is picking up, said Martin Ellis, housing economist at the bank……………………………………….Full Article: Source

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