Housing market set for strong summer

Housing market set for strong summer

Price increases have remained strong across the housing market in recent months. In February of this year Halifax noted a 32% increase on February 2013 home sales and a 34% rise in mortgage approvals.

According to official figures from the Office for National Statistics, UK house prices grew by 6.8% in January 2014 compared with a year earlier.

Chief Economist Robert Gardner said: “record low mortgage rates, improved availability of credit and the brighter economic outlook are all leading to increased demand for housing.”

Courtesy of  British Association of Removers r&s magazine May 2014 and Halifax

May 19th, 2014|