UK house prices stopped falling in April for the first time in 10 months as demand for homes picked up, Hometrack reports.
The average cost of a home was unchanged from March at 153,100 pounds. Prices in London climbed 0.3 per cent. Demand as measured by prospective buyers registering with realtors has risen 22 per cent so far this year.
Recent housing-market data have been mixed as a lack of supply props up home values while restricted mortgage lending and the deepest government spending cuts since World War II deter buyers. Britain's economy grew 0.5 per cent in the first quarter, barely enough to erase the contraction in the final three months of last year.
The number of potential buyers registering with estate agents climbed by 2.8 per cent in April from March, when it rose 4.2 per cent, Hometrack said. Agents reported an 8 per cent increase in agreed sales, compared with 12.6 per cent the previous month.
Rightmove said last week that only one in four Britons now forecast a decline in house prices over the next 12 months, compared with one in three in the previous quarter.
A separate report by Lloyds TSB today showed that the number of properties sold last year for 1 million pounds or more rose to 7,185, 54 per cent more than in 2009.
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1 comments:
Well, this will certainly raise buyer’s registration more and more which i think will increase sale.
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