House prices went up 0.6% this month, Hometrack reported this
The property data firm said that regional housing markets are
picking up momentum in price growth, but there are signs of price resistance in
London where time on the market has lengthened from 2.7 weeks to 3.4.
Nationally, demand for housing has risen by 3.3% over the month,
while supply has gone up by just 1.9%.
There are no postcodes where agents have reported house price
decreases, while across the country, time on the market at 6.3 weeks has fallen
to its lowest level since June 2007.
Richard Donnell, director of research at Hometrack, said: “It is
important to remember that London has seen a pick-up in house prices that has
been running for the last four to five years, starting in the central London
“The regional markets have only started to register a sustained
pick-up in activity and prices for the last 15 months, with the turnaround
starting in January 2013.”