Average house prices shot up 1.7% last month, the Halifax has
reported, with stock for sale at record low levels.
lender puts the average house price at £200,280 – up 3.3% on three months ago
and 9.6% on a year ago.
economist Martin Ellis said the shortage of available property has been a key
factor in maintaining house price growth this year.
The latest report from the RICS confirms
that the average stock of houses per estate agency member is the lowest since
its records began in 1978.
this morning added that buyer demand has increased in all parts of the UK
except the south-east.
also said that in the private rented sector, the imbalance of demand and supply
is putting upward pressure on rents.
that supply has been broadly unchanged for two years and shows no signs of
increasing, whereas demand is rising.
said that both house prices and rents are likely to grow at a rate easily
exceeding growth in wages.
The LSL house price index for England and
Wales, also out today, shows house prices standing far higher than the Halifax
has them, at an average £278,849 – a record.
report said that sales soared 15% last month in the wake of the general