CHEER AS HOME PRICES UNLIKELY TO PLUMMET
House price news, information and discussion – HousePriceCrash.co.uk
Homeowners worried that the value of their property might tumble were given reason for cheer yesterday. The Halifax, the UK’s biggest Âmortgage lender, reported that prices dropped just 0.1 per cent from October to November as the property market stabilised. Spokesman Martin Ellis suggested that a shortage of housing stock was helping to support property values. He said: “Interest rates are also likely to remain very low which will support the improved mortgage affordability position for home owners.