Prices ‘are set to rise grad­u­ally’

Yorkshire Post - Property - - PROPERTY -

HOUSE prices in the three months to July were 2.1 per cent higher than in the pre­vi­ous three, say the Hal­i­fax. Sales have also picked up with to­tal pur­chase trans­ac­tions for the first half of the year six per cent higher than in the same pe­riod last year.

“Signs of im­prove­ment in the econ­omy, un­der­lined by the re­cent ev­i­dence of a rise in gross do­mes­tic prod­uct in the sec­ond quar­ter of the year and in­creases in em­ploy­ment, ap­pear to have boosted con­sumer con­fi­dence.

“Schemes, such as the Fund­ing for Lend­ing Scheme and the Help to Buy eq­uity loan scheme, may also be rais­ing de­mand.

“House prices are ex­pected to con­tinue to rise grad­u­ally through this year,” says a Hal­i­fax spokesman.

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