Thursday, January 07, 2010
Halifax up 1%, car registrations strong
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

The Halifax reported that house prices rose by 1% in December, to an average of 169,042. Though the Halifax reports this as a modest 1.1% gain over 12 months, this is because of the way it smoothes its data. On a straight 12-month basis, comparing December 2009 with December 2008, the rise was 5.6%.

New car registrations were also strong in December, with 150,936 new cars sold, a rise of nearly 39% on a year earlier. 2009 was still a bad year for the market, with the 1,994,999 new cars registered representing a drop of 6.4% on 2008 and the worst year since 1995. But it would have been much worse without the highly successful scrappage scheme.