July is the third consecutive month where typical house prices have increased. This is now the forth monthly increase in 2009.
Although house prices are still 6.2% lower than they were 12 months ago, the last 5 months have shown significant improvement and it is now believed that by December the average house price will be up on what it was December 2008. Just a few months ago this idea was unthinkable since significant decreases in the house prices occurred toward the back end of 2008 and early 2009.
The average house price now sits at £158,871 which is 1.3% up on June's figure of £156,442.
Sunday, 2 August 2009
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