Prices defy the Jan­uary slow­down

Yorkshire Post - Property - - PROPERTY -

HOME­TRACK data re­veals that house prices rose 0.1% last month.

Re­search shows that there was also a drop of 6.6% in homes listed for sale. Sell­ers achieved 94.4% of their ask­ing price sale price and the av­er­age time taken to sell was ten weeks.

Richard Donnell, di­rec­tor of re­search at Home­track, says: “House prices con­tin­ued to in­crease in Jan­uary de­spite a sea­sonal slow­down in mar­ket ac­tiv­ity. Av­er­age prices grew 0.3% over the month. De­spite the low­est monthly in­crease in house prices for six months, un­der­ly­ing mar­ket con­di­tions re­main strong with the mar­ket start­ing 2014 in a bet­ter po­si­tion than a year ago. We es­ti­mate that first time buy­ers and in­vestors, ac­count for 40% of all hous­ing sales.”

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