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Halifax house price index national index December 2006 [electronic resource]

By: Language: English Series: Halifax house price index ; December 2006Publication details: London HBOS 2007Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: House prices fell by 1.0% in December although they increased by 9.9% in 2006 overall, just above the long-term average of 8% per year. Continued economic growth, rising employment and an ongoing lack of supply will continue to drive up house prices over the coming months. Higher interest rates, greater pressure on household finances and subdued real earnings growth will, however, constrain housing demand. HBOS expects house prices to increase by 4% in 2007.
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House prices fell by 1.0% in December although they increased by 9.9% in 2006 overall, just above the long-term average of 8% per year. Continued economic growth, rising employment and an ongoing lack of supply will continue to drive up house prices over the coming months. Higher interest rates, greater pressure on household finances and subdued real earnings growth will, however, constrain housing demand. HBOS expects house prices to increase by 4% in 2007.