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"Overall, house prices have remained remarkably stable in 2011"
- Martin Ellis, housing economist at Halifax
U.K. house prices fell 0.9 percent in November after advancing 1.2 percent in October, said Tuesday Halifax Bank of Scotland that is now part of Lloyds Banking Group.
"Overall, house prices have remained remarkably stable in 2011 despite the difficult and deteriorating economic climate and the substantial pressure on households' finances. The UK average price now is only marginally lower than at the end of 2010," said Martin Ellis, housing economist at Halifax.
"Activity has recently shown a few signs of strengthening a little. We expect the market to remain broadly unchanged in terms of both prices and sales over the coming few months as demand and supply conditions alter little."