Lloyds, Britain’s biggest lender, has predicted that house prices could be up by the end of the year. 

Lloyds, which has a 30% share of the mortgage market, believes that house prices only have a further 6% to fall — with prices probably bottoming within months. Prices are already down 3.8% this year, according to the Halifax house price index.

Commentators continue to grow increasingly optimistic about the outlook for the UK economy and stock market, with the FTSE 100 now showing a gain for the year. The index closed at 4,462 on Friday, above 2009’s starting level of 4,434 and 27% higher than its March low.

 

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