Date Published 09 April 2013
House prices in the first three months of 2013 were 1.2% higher than in the final three months of 2012 according to the latest Halifax House Price Index.
Commenting, Martin Ellis, housing economist, said:
"The housing market continues to show signs of modest improvement. Prices in the first three months of 2013 were 1.2% higher than in the preceding quarter (fourth consecutive increase). Prices were 1.1% higher than in the first three months of 2012. House sales also continued to rise, according to the latest industry-wide figures.
"Weak income growth and continuing below-trend economic growth are likely to remain significant constraints on housing demand during the remainder of this year. Overall, we expect to see a modest increase in UK house prices during 2013."