Property prices up again January
Fri 06 Mar 2015
Home prices in England and Wales increased by 6.7 per cent year-on-year in January and were up 1.3 per cent month-on-month, according to the latest land registry figures.
This takes the average property value in England and Wales to 179,492, compared with the peak of 181,101 in November 2007.
Peter Rollings, chief executive officer of Marsh & Parsons said: "All the fundamentals are in place to help the market get back into its stride, and stamp duty savings and competitive mortgage rates are already enticing buyers and sellers to the market and upping demand.
"This is good news for the wider housing recovery, which at the moment is still largely restricted to the South East as many other regions have a long way to go."