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October saw house prices continue to rise

Mon 18 Nov 2013

Housladder.co.uk has reported that according to the latest figures from Nationwide valuations edged up by 1% in October which was an increase of 5.8% on October last year. 

Robert Gardner, Chief Economist at Nationwide commented: “The UK housing market appears to be following the more resilient upward trend evident in the wider economy in recent quarters. House prices increased by 1% over October, maintaining the momentum that has been building in the second half of 2013. After averaging less than 1% in the first half of the year, the annual pace of house price growth accelerated to 5.8% in October from 5% in the previous month”.

Mr Gardner also explained that the willingness of potential buyers is increasing and mortgage rates are close to all time lows. He stated: “The ability to buy has been supported by continued gains in employment and policy measures such as the Help to Buy and Funding for Lending schemes which have improved the availability and lowered the cost of credit”.

"To The Directors We would like to take this opportunity of thanking your company but especially your sales representative Cathy Clark for the hard work and professionalism she showed in helping and supporting my wife and I , through what proved to be a long and at times fraught sale of our property. She was always available with an encouraging word and when things “out of our control” needed sorting , she dealt with them quickly and efficiently. Please pass on our thanks to her and also all your other staff who were involved in our house sale. Kind Regards Ian & Lynda Gaskin "
Lynda and Ian Gaskin