May shows some positive signs. |
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2nd June 2009
UK house prices rose by 2.6% in May compared with April but activity remains low in the market, according to the latest survey from the Halifax. The rise came after three successive months of property price falls (averaged accross the UK), it said. The annual rate of decline has now eased to 16.3% from 17.7% in April.
Bushells had the best months figures for over a year with strong sales and lettings results. The number of properties under offer has increased by 50% year on year giving a strong indication that the property market has reached its nadir.
Surprisingly perhaps, Bushells finds that more instructions are needed as stock levels are at their lowest since the credit crunch began.
