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February house prices down 0.1%, says Halifax

Property prices fell by 0.3% in February Halifax has revealed in its latest house price index.

But it says that despite the fall prices are still 0.2% higher than in Q3 2007.

The average price of a UK home in February was £196,649.

Martin Ellis, chief economist at Halifax, says: “While the housing market has slowed over the past six months, it is supported by sound economic fundamentals.”

“Interest rate cuts by the Bank of England are also helping to underpin house prices. Nationally, we predict that house prices will be flat in 2008.”


GMAC launches e-newsletter

GMAC-RFC has launched an online newsletter for brokers. Called E-news, it will be issued every month and will aim to keep brokers informed about industry news and forthcoming events.

BDS partners Viva to boost AR numbers

BDS Mortgage Group’s network has partnered with overseas lender Viva Costa International Mortgages to help boost its appointed representative numbers by 25% in 2008.Through the deal, BDS’ ARs can monitor their cases using Viva’s online tracking system and access assistance with overseas property purchases.Bob Hope, sales and marketing director at BDS, says: “The overseas market […]

FSA says it will stick to principles

Financial Services Authority chief executive Hector Sants says that the recent market turbulence and problems at Northern Rock will not affect its commitment to principles-based regulation. traffic up 104% in January has noticed a 104% increase in home mover traffic in 2008 with particular interest being shown in rental properties.After a lull at the end of 2007, January visits to soared 104%, with unique users up 90% compared to the previous month and 15% from January 2007. also delivered 38% more leads from […]


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