Real estate price levels are down in April according to Halifax
The Halifax house price level index showed a decrease in average UK real estate rates of one percent last month, resulting the conventional real estate worth around £168,202.
Current annual real estate inflation rate is between 6 and 7 percent.
Housing expert Martin Harris reported:
“Property prices became stagnant in the last couple of months after an intense revival. The improvement in house prices since spring 2009 has encouraged more people to try to sell their property. Also new selling guidances and methods improved the price rates of real estates lately. We can say that things started to change for the better. However, we don’t believe that prices will lift more anytime soon.”
David Smith, property advisor from Carter Jonas staff, claimed:
“We found out some contradicitions when we analysed the Halifax and Nationwide indexes, as they seem relatively different. These circumstances definitely won’t help the real estate sector to improve in a long-term basis. Apart from price rates and political changes in UK, it’s still worthy to make investments right now if you have enough sources as money is still cheap.”
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