Online House Hunter: Searching for good news | Alan Cleaver | Independent Property Blogs
EACH time a house price index is published I pore over it in the hopes of finding stability in these variable times. The April Halifax House price index for April has at least suggested one trend – but it’s probably not the news most were hoping for.
Their housing economist, Martin Ellis, reports that the underlying trend is one of ‘modest decline’. His use of the gentle word ‘modest’ almost makes it sound like good news.
He goes on: “Prices in the three months to April were 1.2% lower than in the previous three months. There was a 1.4 per cent fall in prices in April following no change in March.”
Of course for those waiting to buy a house this may be good news. For the homeowner looking at his house as an investment it’s all rather familiar and depressing.
A couple of other key points worth highlighting: ....
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