Property prices in UK "treading water"

Property prices in UK "treading water"

The housing market continues to "tread water", according to "Halifax" company after prices fell for the second month in a row in August.

The average house price was 208 305 euro last month, which was 0,4% lower than the previous month, cancelling out two previous rises as prices drift back to the level seen at the end of 2011.

Halifax housing economist Martin Ellis said easing inflation should boost spending power and support house prices in the coming months, but he added that the market was expected to remain flat heading into 2013.

Source: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9524905/Property-prices-in-UK-treading-water.html