Big House Price Rise
Published / Last Updated on 27/03/2013
Big House Price Rise.
Hometrack has released its latest house price movement survey.
In the last month, house prices rose by 0.7% in London and 0.3% across the whole UK.
This may not seem much but it is the biggest monthly rise in nearly 4 years and comes on the back of Government budget stimulus news on both deposits and mortgage guarantee schemes for higher loan to values.
Our view
House prices will rise marginally this year, but only recovering falls from last year.
Itwill take around another 2 years before property really starts to recover and see pro-active activity.