House prices up 1.3%, says Halifax

Significant regional differences around the UK still apparent

House prices between February and April were 1.3 per cent higher than in the previous three months, the fifth consecutive increase, according to Halifax.

The latest figures suggest that house prices increased by 1.1 per cent in April, following rises of 0.5 per cent in February and 0.4 per cent in March.

Commenting, Martin Ellis, housing economist, said: "House prices continue to pick up gradually. Market activity, however, remains subdued by historical standards with the number of mortgage approvals for house purchases which is a leading indicator of completed house sales,easing slightly in the first three months of 2013."

Giles Hannah, managing director of London agency VanHan, said: "It must be remembered that this increase masks significant regional differences. The UK as a whole is seeing modest growth, with areas such as London, Oxford and Henley seeing price rises while Nottingham, Wales and the Midlands have seen price falls.

"London is undoubtedly the big success story and is doing a good job of pulling up the national average. Its residential sales market remains robust with prices continuing to rise. International buyers, particularly from Asia, are fuelling demand for best in-class properties and are snapping up properties at 10 to 14 per cent discounts as a result of the weakness of sterling compared with their own currencies. We have also witnessed a rise in French high-net-worth families relocating to London owing to the increased taxes in France. Holland Park has seen a vast uplift in sales activity and significant house price increases, for example."

Jonathan Harris, director of mortgage broker Anderson Harris, added: "It is surprising that official figures from the Halifax show that mortgage approvals eased slightly in the first quarter of 2013 because that is absolutely not what we are seeing 'on the ground'. Activity has been busier since the start of this year than at any time since the downturn, sending out the positive message that the situation is finally improving. It may take a while for this to feed through into the official numbers but the signs are encouraging: more people feel they can get a mortgage as Funding for Lending pushes down the cost of funding."

Discover more property articles at Homes and Property
PROMOTED VIDEO
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Tradewind Recruitment: English Teacher

Negotiable: Tradewind Recruitment: My client is an excellent, large partially ...

Tradewind Recruitment: Science Teacher

£90 - £140 per day: Tradewind Recruitment: I am currently working in partnersh...

Tradewind Recruitment: Year 3 Primary Teacher

£100 - £150 per day: Tradewind Recruitment: Year 3 Teacher Birmingham Jan 2015...

Ashdown Group: Lead Web Developer (ASP.NET, C#) - City of London

£45000 - £50000 per annum + Excellent benefits: Ashdown Group: Lead Web Develo...

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee