16 Jul

Houses for sale 'have gone up in price'

Houses for sale 'have gone up in price'

Homeowners will be happy to hear that houses for sale have increased in value for the second quarter of 2010.

Recent figures from Knight Frank showed that home prices have risen during every quarter over the last year.

They have also revealed that the highest quarterly growth was recorded in the south-west, where prices shot up by 3.3 per cent.

Over the entire year though, houses for sale in the Home Counties went up most in value - increasing by 10.7 per cent.

Andrew Shirley, head of rural property research at Knight Frank, said: "A continued shortage of property for sale and a resurgence in demand is helping to boost prices in most parts of the UK."

Houses for sale in and around London have also seen a jump in value, with Henley recording a 6.6 per cent rise.

It is not just properties in suburbs that have risen in price as country house costs increased by eight per cent over the past 12 months.

The results come after Performance Window Group encouraged homeowners to redecorate their houses in order to hike up their values.ADNFCR-1222-ID-19893289-ADNFCR

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