24/Apr/2014 - Last News Update: 03:49

House prices stable says Halifax

Category: Scotland

Published: 6th Aug 2012 08:42:22

The UK housing market is still in the doldrums, figures from the Halifax show.

Its latest monthly survey shows that prices fell by 0.6% in July compared with June, to leave the average house price across the country at £161,094.

This means that average prices are also 0.6% lower than a year ago.

The Halifax predicted that there would be little change in the remainder of this year, unless the recession becomes worse.

Martin Ellis, housing economist for the Halifax, said: "The underlying trend in house prices was flat in the three months to July compared with the previous three months."

"At a national level, house prices have been very stable over the past year or so.

"This can largely be explained by the static nature of supply and demand conditions during this period," he added.

Source:
BBC News External Link Show Citation

Latest News

Harvard Citation

BBC News, 2012. House prices stable says Halifax [Online] (Updated 6th Aug 2012)
Available at: http://www.ukwirednews.com/news/1444690/House-prices-stable-says-Halifax [Accessed 24th Apr 2014]

News In Other Categories

  • The story of the man who was Frank Sidebottom

    Cult comic character Frank Sidebottom has inspired a film starring Michael Fassbender, while a documentary and biography are also in the works. Four years after his creator Chris Sievey died, why is Frank's legend growing and who was the man behind the mask?
  • Griff Rhys Jones withdraws from Cardiff chancellor role

    Griff Rhys Jones has withdrawn from becoming Cardiff University's new chancellor just two weeks after an embarrassing debacle which saw his appointment halted at the last minute.
  • Binge drinking 'link to overeating'

    Drinking more than three large glasses of wine can push people over a "tipping point", meaning they consume about 6,300 extra calories in the following 24 hours, a report has said.
  • Scottish independence: Governments clash over pension costs

    An independent Scotland would have to fund pension costs of an additional £450 per working-age adult each year, the UK government has claimed.
  • Bristol Academy extends reach overseas with first foreign students

    With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
  • Cold mountains: Snapshots from avalanche team's latest season

    The last avalanche forecast of the latest Sportscotland Avalanche Information Service (SAIS) season has been published.