Friday, July 31, 2009
The Bulls return (see Times comments section)
Three months ago analysts would have called it unthinkable and homeowners would have been dismissed as wishful thinkers. Nevertheless, figures out today will show that not only have house prices risen for the third month in a row, but at the end of 2009 they could be higher than they were at the start of the year. Nationwide has reported a 1.3 per cent rise in average prices, from Â£156,442 to Â£158,871 in July, boosted by a scramble for family homes in desirable postcodes. NOTE - "Nationwideâ€™s sample size is an estimated 3,600 properties â€” a figure based on the 45,584 mortgage approvals recorded by the Bank of England in June and the lenderâ€™s market share of 7.9 per cent"