Long awaited good news for homeowners…...

Posted Aug 22, 2011

Values rose 0.3 per cent last month and 0.5 per cent in the three months to July – the first quarter‑to‑quarter hike in 14 months, according to Britain’s biggest mortgage lender.

With little change in the level of house sales or the number of properties on the market since late 2010, Halifax said the steady market conditions have helped to stabilise house prices. And in a further boost the number of mortgages approved to finance house purchases increased by four per cent between May and June to 48,421, the highest monthly total since May 2010.

As shares prices tumble, it is easy to let apathy take over but surely balance has to be the key? Certainly, this would seem to be the case as interest in the more unique investment properties would appear to be on the increase.

Meanwhile, the Centre for Economics and Business Research predicts UK house prices will hit an all-time high by 2015 with average prices climbing by 14%.

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