Houses Prices Rise for the 4th Month in a Row
Figures from the Halifax show that average house prices rose by 1.2% in Ocotber, the 4th month in a row that prices have risen.The Halifax survey shows that houses are now 7.1% above their low in April, or £11,000 higher. There has been a shortage of houses on the market for some time which has mostly led to these prices increase - the Halifax warns that higher prices are encouraging more people to put their homes on the market, which would help to dampen any further price rises.
Also the rate that potential buyers are registering with agents is falling as prices continue to rise, which could impact on demand and future price rises.
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