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