Prices ‘are set to rise gradually’
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.