House prices rally as sup­ply grows

Yorkshire Post - Property - - PROPERTY -

SEA­SONAL op­ti­mism has lifted house prices a fur­ther 0.4 per cent, al­though they re­main 0.9 per cent less than in April 2010.

Sup­ply of prop­er­ties re­mains strong with 9.5 per cent more new prop­er­ties than at the same time last year, ac­cord­ing to the­home.co.uk.

Due to in­fla­tion and fall­ing home val­ues the loss on cap­i­tal in­vested in the typ­i­cal UK home has risen to around £14,800 per year.

The av­er­age time-on-mar­ket has fallen by eight days to 133 days, but re­mains 10 days more than in April 2010.

Buy-to-let ac­tiv­ity has be­come a key mar­ket driver thanks to a re­ju­ve­nated rental sec­tor and frus­trated sell­ers are choos­ing to let out their homes.

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