11 Feb

South and Midlands show property growth

South and Midlands show property growth

Property prices have increased in the Midlands and the South as the UK market continues to improve.

Figures from Move With Us show prices increased by 1.26 per cent in the final three months of 2013 - making the average home worth £246,781.

The largest increase in real estate value was in the Midlands, where the last quarter of the year saw prices reach their highest level for five years.

Other successful areas for estate agents were Greater London, the South East and the East Midlands.

Selling times also remained strong, with Greater London's market still moving the quickest, although there was a drop in listings because of the time of year.

It is expected the next 12 months will continue to see an increase in people looking to buy and sell real estate.

"Although 2013 ended with a decline in the number of new listings due to the seasonal Christmas slowdown, the market has quickly picked up momentum and we are already seeing larger numbers of property transactions since the start of 2014," explained Robin King, director of Move With Us.

Recent research from accountancy company Deloitte predicts 2014 will be a bumper year for the housing market as investment interest from overseas continues.ADNFCR-1222-ID-801692550-ADNFCR

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