If you own a property and are wondering if it’s a good idea to arrange a fast house sale, you may be interested to hear that prices are unlikely to increase in the coming year.
The latest outlook from Halifax building society suggested the housing market has stabilised in 2011, despite the challenging conditions in the economy as a whole.
However, that means prices are unlikely to increase in 2012, as the market looks set to remain relatively flat.
Halifax’s housing economist Martin Ellis remarked: “Overall, we expect continuing broad stability in house prices nationally during 2012.”
He added: “Prices are again likely to end the year at levels close to where they begin with the market continuing to lack any real direction.”
December 16, 2011 at 11:38 am | Uncategorized |
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