The Halifax has today reported the lowest house price growth for four years with house price growth down 5.1% in the last year to February.
According to the Halifax, there has been a “significant downturn” in house prices in the last year, even though the inflation rate is now less than half of what it was a year ago.
Whilst Nationwide has reported that house prices had actually fallen in the last month, Halifax has reported that house prices have been flat since February.
At Blaser Mills we have a wealth of expertise in residential property and are on hand for both sellers and buyers when the time arises to instruct a solicitor. Please feel free to contact our dedicated team for any property related issues.
Prices rose by 3.8%, the lowest rate since May 2013, and down from 5.1% in the year to February, said the Halifax.