View more on these topics

House prices rise 1.2% quarter-on-quarter

The average house price rose 1.2 per cent between the fourth quarter of last year and the first quarter of 2013, according to the latest Halifax house price index.

The average price in the first quarter was £163,488 compared with £161,454 over the last three months of 2012. This is the fourth consecutive quarter-on-quarter increase in house prices, while prices increased 1.1 per cent on an annual basis.

Halifax housing economist Martin Ellis expects a “modest” increase in house prices throughout 2013.

He says: “The housing market continues to show signs of modest improvement. Prices in the first three months of 2013 were 1.2 per cent higher than in the preceding quarter. Prices were 1.1 per cent 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.”

See the table below for a breakdown of the movement in house prices in the 12 months to March (Click to enlarge):

Houseprices

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com