20 Aug

House price increases show market is "positive"

House price increases show market is "positive"

The recent rise in house prices signal that the market is looking "positive", according to a property expert.

Alison Beech, business relationship director at independent estate agent haart, said that there has definitely been a rise in interest from people looking to buy houses.

Her comments follow the publication of new figures by the Department of Communities and Local Government, which show that house prices went up by 3.8 per cent in the second quarter of 2009.

"We now need [the house price increases] to translate into a rise in the number of properties being put on the market by prospective sellers, to unleash this pent-up demand," said Ms Beech.

"Overall, the picture is a positive one."

She added that there are currently some good shared equity schemes on the market for first-time buyers.

The increase comes after a 2.6 per cent fall in property values in the first quarter of the year.

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