HALIFAX PREDICTS UK HOUSE PRICES STABLE FOR REST OF 2012
UK house prices will end the year at the same level as now owing to tough economic conditions, a lender has predicted.
The Halifax, now part of the Lloyds Banking Group, said prices were broadly the same as a year ago, falling by 0.1% in May compared with a year earlier.
Various surveys have suggested the UK housing market is relatively stagnant.
But Halifax said prices had picked up between April and May, rising by 0.5%, to an average of £160,941.