Mortgage Solutions, 6th December 2013

 

 

UK house prices have risen by 7.7% in the past year according to Halifax.

Alexander Gosling, director of the online estate agents House Simple, comments: "Ten straight months of rising prices, and in some parts of Britain the housing market has gone from hot to hyper.

"With mortgages cheap and more available than ever, buyers are being spurred on by a seductive blend of confidence that prices will rise and fear that if they fail to pile in now they will be left behind.

"For now sellers are mostly resisting the temptation to ramp up asking prices beyond what the market will stand, with our figures showing that, nationally, properties are selling for 98% of asking price."

See the online version here

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2317548/house-prices-leap-77-in-12-months

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