Faltering house prices staged a pre-Christmas fight-back, rebounding sharply last month after falling for the previous three months in a row, the latest snapshot of the property market from Halifax suggested yesterday, The Times reports.
The nation’s biggest mortgage lender said that average national house prices, based on its loans to homebuyers, jumped by 1.3% during December. The last-minute rally reversed the 1.3% slump in prices that Halifax’s figures show took place in November, and also followed reported declines of 0.7% in October, and 0.6% in September. THE GOVERNMENT AND ITS ADIVSERS are scrambling to come up with a private-sector solution for Northern Rock ahead of the bank's showdown with shareholders at an emergency meeting on Tuesday, reports The Telegraph. Goldman Sachs, which is advising the Treasury, is...
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