The house prices in Halifax has been been falling down but have rose again in contrast. There are a surge of new homes in Halifax that is also supported by incredibly low mortgages and high employment rate. This will support the price levels of the houses. However it is still contrasted by the fact buyers will be discouraged due to the inflation of the Euro and the stagnate earnings, leaning towards the idea that the labor market may falter.

Read more: House price growth cools further in May, says Halifax – BBC News