House de­mand up but prices down

Yorkshire Post - Property - - PROPERTY -

THE Home­track house price sur­vey shows an im­prove­ment on the po­si­tion a year ago de­spite a chal­leng­ing eco­nomic and fi­nan­cial back­drop.

De­mand for hous­ing has con­tin­ued to grow steadily over the last six months by a to­tal of 14 per cent. This in con­trast to an 18 per cent de­cline in de­mand over 2010.

A key trend over the last six months has been the steady in­crease in sales vol­umes which con­tin­ued over Au­gust with sales up 3.6 per cent. Home­track says the over­all trend in prices re­mains down­ward and av­er­age prices moved 0.1 per cent lower in Au­gust. Prop­erty in Lon­don took the short­est time to sell, six weeks, com­pared to over 11 weeks in Wales, North West and York­shire.

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