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House prices rose in January – Halifax
House prices will move little this year, Halifax housing economist Martin Ellis predicts, though prices will be closely aligned with the performance of the overall economy.
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by Chris Marshall on Feb 04, 2011 at 08:39
House prices notched up by 0.8% between December and January, according to Halifax. Using the preferred three monthly rate of change though, prices are down 0.7%. The bank expects limited change to prices this year, though prices will be closely aligned with the performance of the overall economy, said Halifax housing economist Martin Ellis.
6 comments so far. Why not have your say?
LANDLORD X
Feb 04, 2011 at 10:54
To all FTBs
Don't buy, keep renting
You will only end up over-paying if you buy, and you will lose heavily if property values fall again. Gettig a mortgage is a major hassle and owning and maintaining a property is a headache
Renting is low cost, low risk, flexible and no hassle...and you need to be flexible to move around to follow career opportunities not be stuck with property
Keep renting everyone and let your landlord take the risk and responsibility off your shoulders...
report thisIan
Feb 04, 2011 at 13:37
Does anyone seriously believe the Halifax and its bizarre statistics?
report thisTruth Searcher
Feb 04, 2011 at 13:43
Landlord X. You are a rascal ha ha.
report thisLANDLORD X
Feb 04, 2011 at 14:31
@ Truth Searcher
But it's true
Does UK residential make sense for a young person to invest, versus all other asset classes? Why not invest in AsiaPac residential which has better growth prospects? Or invest in shares or gold which are more liquid?
Leave UK residential to the professional landlords...and buy only when you have lots of capital and are ready to settle
report thisTruth Searcher
Feb 04, 2011 at 14:46
Landlord X. I agree, I sold my house in December 2007 and invested the money in gold, whilst renting a property. But I do detect a little self promotion on your part. :-)
report thismartin davis
Feb 06, 2011 at 21:50
But surely landlord X. people with liquid cash can still buy at a good interest rate, fixed if necessary, and then if they wish, they can promote renting and do that with their property????
Your initial comment annoyed me, but like truth searcher, you are a rascal and doing abit of self promotion. So I do laugh.
Read your previous postings. and you saeem a genuine person. God bless ya.
Every dog has his day!!
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