Friday, February 04, 2011
House prices up, car sales down
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

The Halifax unexpectedly announced a 0.8% rise in house prices for January, for a 2.4% annual drop. Prices in the latest three months were down by 0.7% on the previous three. The figures do not change the picture of a pretty stagnant market.

According to Halifax's Martin Ellis: "We expect limited movement in house prices overall this year. There are, however, likely to be some monthly fluctuations with the risks on the downside. The prospects for the market in 2011 are closely aligned with the performance of the wider economy. Consumer confidence has fallen recently, partly as a result of nervousness about the economic outlook." More here.

Meanwhile, new car registrations were down by 11.5% in January, John Lewis said department store sales in the final week of January were marginally down on a year earlier but individual insolvencies and company liquidations fell in the final quarter of 2010. What they call a mixed picture.