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March sees 2 percent rise in property inflation

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  • March sees 2 percent rise in property inflation

    Damn - the Halifax have reported a 2% increase in property values over April:

    http://news.bbc.co.uk/1/hi/business/4971520.stm

    House prices rose by 2.0% in April and by 4.4% in the first four months of 2006, the Halifax bank has said.

    April's price rise was considerably up on March's figure of 0.9%.

    Meanwhile, the Bank of England (BOE) revealed that mortgage lending jumped by the biggest amount in two and a half years during March.

    Mortgage lending rose by £9.3bn compared with a forecast of £8.6bn.

    Loans agreed for house purchase rose to 116,000 in March from 114,000 in February.
    However, the Halifax reports that although they expect to see house prices continue to rise to the summer, they expect a "softening" of the market to occur as it goes more flat over the second half of the year, due to increased bills, and the gap between earnings and property values curbing demand.

    I guess there's still hope for us potential buyers for next year?

  • #2
    Property Prices

    Well, I'd like to see a good dose of property price inflation where I live, a price drop where I want to move to and pay off my mortgage as a result of it!!!

    Oh well one can only dream!
    Mark
    Bridging Loans | Property Development Finance

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    • #3
      That sounds like a good combination.

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