Prices Rise As Homes For Sale Dive To Record Lows

Halifax report that average house prices shot up 1.7% last month.
Published on:
July 10, 2015

We are about to enter a sellers’ market, Halifax has put the average house price at £200,280, 3.3% higher than three months ago and up 9.6% from 12 months ago.

Martin Ellis, Halifax economist has said that the shortage of new properties coming onto the market has been a major factor in house price growth this year.

In a recent report from RICS (Royal Institute of Chartered Surveyors) confirms that the average number of properties on the market per estate agency is at a record low since 1978.

RICS said that both house prices and rents are likely to grow at a rate exceeding growth in wages.

Corporate Estate Agency LSL have also reported a 15% increase in sales last month. Signifying the start of the anticipated post-election boom.

Looking to sell or let?

Book a valuation

Register for property updates

Register now or login to receive property updates that fall within your search criteria by clicking the button