U.K. Home Prices Rise as Halifax Sees Stagnating Market – Bloomberg 01-07-13

Salient to Investors:

Martin Ellis at Halifax expects continuing broad stability in house prices nationally in 2013 and end the year close to where they begin.

Nationwide Building Society says UK house prices may decline modestly in 2013.

Blerina Uruci at Barclays expects the subdued trend in 2012 to continue in 2013 and then gradually recover in half2 on improving economic conditions, loose monetary policy and restricted supply.

Economists expect Britain to return to growth in 2013. Deloitte said CFOs at some of Britain’s biggest companies expect a 40 percent chance of recession versus 43 percent in Q3.

Read the full article at http://www.bloomberg.com/news/2013-01-07/u-k-home-prices-advanced-for-second-month-in-december.html.

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