The outlook for UK house sales has been described as the strongest since 1999, after data from the Royal Institute of Chartered Surveyors (Rics) was released.
This comes after the majority of those surveyed reported increased house prices, as well as an increase in enquiries from potential buyers. However the best news comes from the predicted sales figures for the next quarter
The cost of buying a house in the UK is continuing it’s steady rise, at the fastest rate since 2010. Nationwide building society reported that house prices rose by 0.3pc in the month of June, and is rising at an annual rate of 1.9pc on average.
Again the Funding for Lending scheme launched by the Government last year has been accredited with helping the market pick up
The UK housing market gained further momentum in May as average prices rose again month-on-month, according to Nationwide building society, who reported a 0.4pc rise. This comes just ten days after Rightmove reported that the average price of a London property had surpassed the £500,000 mark. Although the average price across the whole of the UK is far lower at £167,912, this has been steadily increasing and is 1.1pc higher than prices 12 months ago.
According to property website Rightmove, average house prices across the UK have risen for the fifth consecutive month, while average prices in the capital have surpassed half a million pounds.
This year the property market has had its strongest start since 2004, and prices are now an average of 9.1pc higher than at the end of 2012.
House prices have reached a three month high and demand from buyers is at the highest level since 2009, according to The Royal Institute of Chartered Surveyors (Rics). This highlights the growing momentum gathering within the housing market, which has seen increasing numbers of mortgage approvals and steady average property price increases so far in2013.
The average price of a house in the UK rose by 1.1pc in April, compared to March, but activity in the housing market remains low, according to Halifax.
This means that house prices rose for the third consecutive month, and are now 2pc higher than at the start of the year.
The price of a house for a first time buyer has risen 5pc since the summer, according to a report representing data collected by Halifax.
This includes a rise of 2pc last month alone, with average prices rising to £125,799.
We take a look at the new Help to Buy scheme, proposed by the Chancellor in the recent Budget. The scheme is aimed at boosting the housing market, by allowing people to get onto, or move up the housing ladder. But how is this achieved?
House prices in the UK rose again in February, for the fifth successive month.
Figures from Nationwide building Society show that the average price of a house in the UK now stands at £162,638, a rise of almost £1,500 from February 2012
Research from Castle Trust has revealed that home buyers in London must save up to 5 times more than those in other areas of the UK for the average deposit on a house.
The extent of inflated prices in London becomes apparent when considering that those buying homes in the second most expensive area of the UK, Reading, which is only 40 miles from the capital, pay half of what those in London do for a housing deposit.
