Property news: House prices up and buyers keen to act

Survey found modest increase in house prices.
Survey found modest increase in house prices.
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Hometrack data reveals that house prices rose 0.1 per cent last month.

Research shows there was also a drop of 6.6 per cent in homes listed for sale.

Sellers achieved 94.4 per cent of their asking sale price and the average time taken to sell was ten weeks.

Richard Donnell, director of research at Hometrack, said: “House prices continued to increase in January despite a seasonal slowdown in market activity. Average prices grew 0.3 per cent over the month.

“Despite the lowest monthly increase in house prices for six months, underlying market conditions remain strong with the market starting 2014 in a better position than a year ago.

“We estimate that first time buyers and investors, account for 40 per cent of all housing sales.”

According to William H Brown, homebuyers are out in force and property sales have jumped in January 2014 - the agent recorded almost 30 per cent more buyers year on year.

Wild Grove, Pudsey, LS28, �799,950

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