House prices on the up | Alex Johnson | Independent Property Blogs

House prices on the up | Alex Johnson | Independent Property Blogs

House prices rose by 1% in June, according to the Halifax, although in the three months up to June they were down 0.5% on the same period last year.
“House prices continue to fluctuate on a monthly basis with an even number of falls and rises over the past year,” said
Martin Ellis, Halifax housing economist. “There has been a marked improvement in the annual rate of change over the past 12 months. A year ago, in May 2011, house prices were falling at an annual rate of 4.2%. In contrast, there has been broad stability recently with the annual rate between 0% and – 0.5% in each of the past three months.”