8 Jul

UK house prices showing best growth in 3 years

UK house prices showing best growth in 3 years

People selling their homes in the UK through estate agents have been experiencing positive movements price-wise throughout the first months of 2013, and this continued in quarter two, it has been reported.

Latest figures released by Halifax have shown that the rate of increase in what people are paying rose to the fastest pace in three years in the second quarter of the year.

Compared to the first three months of the year, prices were 2.1 per cent higher, the fastest level of growth seen at any time since January 2010, when it was 2.9 per cent.

And compared to a year earlier, the cost of buying in June rose by 3.7 per cent. This was the best rise seen in the UK in any year since August 2010, showing that the market is now maturing, growing and returning to strength.

Martin Ellis, housing economist for the building society, said: "Improved confidence in both the housing market and the economy, combined with a shortage of properties available for sale, appear to be pushing up house prices."ADNFCR-1222-ID-801609402-ADNFCR

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