Average house prices were only marginally lower last month than at the start of the year as the market remained stable throughout 2011, mortgage lender Halifax said today.
Lenders and estate agents say the Government could have helped first-time buyers by extending their stamp duty 'holiday' in yesterday's Autumn Budget Statement.
The housing market has remained "surprisingly resilient" this month, Nationwide said today, as the average price of a property increased by 0.4% month-on-month.
Chancellor George Osborne announced he will uprate some working age state benefits by the planned 5.2%, in line with September's Consumer Prices Index (CPI) inflation figure.
The Government should consider introducing a "graduated" state pension to allow people to draw some cash before they retire, which could help encourage them to continue working for longer, a thinktank recommended today.
22 November 2011
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