Prices expected to rise during 2013
THE housing market continued to provide evidence of improvement in February, according to the Halifax Pricce Index.
Prices in the three months to February were 1.9 per cent higher than in the previous three months. This was the third successive increase. Prices were also 1.9 per cent higher than in the same period a year ago.
A spokesman says: “This increase in both house prices and activity in recent months is consistent with evidence of some improvement in market conditions. The more than half a million increase in the number of people in employment over the past year is likely to have been a factor supporting housing demand. We expect to see a national increase in house prices over the course of 2013.”