As reported on Wolton Removals Blog in June of this year, positive figures in the housing market indicate house prices are up; in fact, the economy on the whole showed its first significant signs of recovery after a series of positive figures in manufacturing and service sectors were published yesterday.
The Halifax Bank of Scotland, Britain’s biggest mortgage lender, reported the cost of the average home rose by 1.1 per cent in July to £159,623. The three-monthly figure for house prices was also up 0.8 per cent, the first rise in the trend since the market peaked in October 2007. The Halifax attributes this rise in house price to the current lack of properties on the market, possibly due to skepticism of Britain’s economic recovery.
We at Wolton Removals have certainly noticed an upturn in house removals, whether the summer months are responsible for the increase in house moves, or people are feeling more confident in the shift of the economy, who knows? Only time will tell. If you are moving house, let us know your reasons in our comments box below.
