UK housing market still recovering

The housing market in the UK is continuing to show signs of recovery in the early months of 2013, as house prices and levels of demand continue to rise across the country.

Estate agents are seeing a greater number of people coming to the fore thanks to lenders being more accommodating when it comes to buying.

And a new report from Halifax has stated that this pushed the price of a home in the UK up to £163,600 during February, a figure which is 0.5 per cent higher than in January.

It also means that prices have grown by 1.9 per cent greater compared with the same time last year.

Halifax housing economist Martin Ellis said: "This increase in both house prices and activity in recent months is consistent with evidence of some improvement in market conditions.

"The more than half-a-million increase in the number of people in employment over the past year is likely to have been a factor supporting housing demand."

However, it is not yet time to think the sector is out of the woods, as the early part of the year is increasingly becoming the most popular time to sell and buy.