April house prices rise across the country


Published : 28th April 2014

News

House prices went up 0.6% this month, Hometrack reported this morning.

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 market.

“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.”

From: http://www.propertyindustryeye.com/april-house-prices-rise-across-country-says-hometrack/