14 Sep

Contradictory house price figures 'show market consistency'

Contradictory house price figures 'show market consistency'

The latest conflicting figures on the property market should not worry homebuyers looking for houses for sale in the UK as they do not show the bigger picture, one expert has said.

Liam Bailey, head of residential research at Knight Frank, stated that there has been neither "very strong growth nor very strong price drops" during August 2010.

He said: "The main prices are just bumping along at their current level."

Mr Bailey advised homebuyers to look at September's figures for a better indication of the property market, as these will "give us a more certain outlook as to where prices are going".

His comments were made after the Halifax house price index released last week revealed that property values rose by 0.2 per cent in August.

Conversely, a recent survey from Nationwide reported that house prices fell during the same month.

Mr Bailey added that the reports are not contradicting but are "painting a similar picture that prices are no longer strongly rising".  ADNFCR-1222-ID-800064859-ADNFCR

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