Saturday, September 10, 2011
“properties are so reasonably priced”
House prices increased by 0.3% in August compared to the previous month, but fell by 2.2% year-on-year, according to the latest LSL/Acadametrics House Price Index. The research also shows that housing transactions increased by 1.5% compared to July. Richard Sexton, business development director at e.surv, says: â€œThe property market bounced back this summer, with consecutive months of price rises following falls between April and June. Prices in London rose most, thanks to all the cash buyers pushing up demand....He says that mortgage finance is very cheap at the moment and the fact that properties are so reasonably priced is also helping to allay lendersâ€™ fears about borrowersâ€™ ability to repay their loans.