Those private sector landlords who are looking to buy or sell property may be affected by the latest Halifax House Price Index.

It was reported yesterday (January 7th) that house prices in December had risen by one per cent since the previous month.

Housing economist Martin Ellis said that low interest rates had "markedly reduced the burden of servicing a mortgage"among many property owners. A higher demand for property resulted from this, he added.

More people gained employment in September and October compared with previous months and this may be a reason for the noted increase, Mr Ellis explained.

Depending on the evolution of the country's economy, the market situation will change.

But it is most likely that house prices "will remain flat", Mr Ellis predicted.

The results follow claims from the organisation this week (January 4th) that an increasing amount of first-time buyers found affordable housing in 2009.

Halifax stated that this was due to the relationship between mortgage payments and earnings that year.

Written by John WeeksADNFCR-2002-ID-19548304-ADNFCR

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