House prices static - Halifax

The rise has offset the 0.5% drop in house prices during February but means they have remained virtually unchanged since September 2004 says the bank. The annual rate of house price inflation has continued to slow dropping below 10% in March for the first time since November 2001 to 9.7%. Regionally, the largest house price gains during the first quarter of 2005 were in Scotland, which showed a 6.1% increase in prices. The average house price in Scotland also broke through the £100,000 barrier for the first time. Average property prices in the region now stand at £105,397. Northern Irel...