Prices gain ground but sup­ply in­creases

Yorkshire Post - Property - - PROPERTY -

The Hal­i­fax re­veal that house prices rose by 1.1 per cent last month and 5.2 per cent year on year. Chief econ­o­mist Martin El­lis says: “House prices in­creased by 1.1 per cent in March, partly off­set­ting Fe­bru­ary's 1.6 per cent fall.

“There are signs that an in­crease in the num­ber of prop­er­ties avail­able for sale is beginning to re­duce the im­bal­ance be­tween sup­ply and de­mand. This should help to con­tain the up­ward pres­sure on house prices.”

The num­ber of mortgages given in­creased by 12 per cent in Fe­bru­ary, ac­cord­ing to the Coun­cil of Mort­gage Lenders.

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