Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

UK housing market in recovery

By Staff Reporter
07 October 2009 | 1 minute read

British house prices have risen for the third consecutive month, driven by increasing demand and a lack of supply.

Advertisement
Advertisement

According to the Halifax division of Lloyds Banking Group, house prices climbed 1.6 per cent to an average of 163,533 ($300,000).

“The combination of increased demand and a low level of properties available for sale have pushed up house prices in recent months,” Halifax housing economist Martin Ellis said.

House prices rose 2.8 per cent between July and September - the first quarterly increase in two years.

UK housing market in recovery
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast

 

Do you have an industry update?

top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Boomerang Beach
66.67%
Gnarabup
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.