12.06.2012 - Are house prices really rising?
Two major mortgage lenders reported rising prices in May, but do they reflect what's really happening in the UK housing market? After all, the Land Registry says prices have dropped for 16 months on the bounce. Mortgage lender Halifax reckons that average UK house prices increased by 0.5% in May to £160,941, following a significant 2.3% decline in April. Its three-month measure (which is considered less volatile) also showed an increase of 0.8%, its biggest jump since last August...............................................Full Article: Source
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