Price rise 'indicates housing market improvement'

by Rachel Crook

The rise in house prices recorded by Halifax last month is a sign things are getting better, it has been stated.

Commenting on the figures and other positive indicators seen recently, the chief executive of the National Association of Estate Agents Peter Bolton King said it was evidence that "the pent-up demand in the housing market is beginning to move."

"Our agents are reporting increased sales, more people wanting to look for property and a healthy resurgence in first-time buyers," he added.

Mr Bolton King went on to comment that while the market has seen improvements, it is not yet seeing a full-scale recovery and argued the government should help ensure the improvements continue by making changes to stamp duty.

The Association of Mortgage Intermediaries has also called on the government to do more, arguing that increased mortgage availability is important to aid first-time buyers.

Published on: June 5, 2009

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