Shock horror. All the doomsayers who predicted a crash as prices went down ever so slightly in March will now have to moan about something else as house prices rose last month.
I know this is a controversial area so let me say this straight. House price rises are good for all. It gives confidence to all including employers. House price rises create jobs which in turn creates prosperity. When 8% of UK businesses can only create enough income to service the debts they have the last thing anyone needs is a price dip.
Housing is a major employer in the UK, from Estate Agents to plumbers, the property market makes a big difference to all our lives one way or another.
To discuss any property queries then please don't hesitate to call one of the positive team here at Dutton Gregory solicitors.
UK house prices picked up in April following a fall in values the previous month, according to the country's biggest mortgage lender. The Halifax, part of Lloyds Banking Group, said property values rose by 1.1% in April compared with March when prices fell 1.25%. The annual rate of growth almost doubled with house prices up 5% compared to a year earlier when house prices dropped. The average home is valued at £236,619. Compared with 10 years ago, which was the trough in house prices amid the financial crisis, the typical UK property has risen in value by £81,956, the equivalent of a 4.3% average annual increase.