Prices ex­pected to rise dur­ing 2013

Yorkshire Post - Property - - PROPERTY -

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.”

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