Thursday, 5 April 2012
UK house prices increase by 2.2 percent in March
What do you think? How much attention should we give to the latest Halifax housing inflation index?
The increase in March was impressive - 2.2 percent compared to the previous months. Then again, prices fell by 0.4 percent in February. As the chart above illustrates, there have been many false dawns for the UK property market.
Nevertheless, our dear old central bank is doing its best to pump up the market. Policy rates are still at 0.5 percent.
With interest rates at an all time low, it has never been a better time to buy! Or is it a better time to sell? Maybe you should hold, things could get better in a year. Or perhaps things will be worse. Alternatively, renting could be the way to go.
Take the advice you want to hear, and I hope it works out.