LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

House prices keep rising

House prices keep rising

U.K. house prices increased more than expected in July, reversing the last month's decline, data showed Wednesday.

House prices grew 1.4 percent in July from the prior month, survey data from Halifax showed. Economists had forecast a 0.4 percent rise in July after falling by revised 0.4 percent in June.

Halifax said monthly movements tend to be volatile. Since last December there have been four monthly price increases and four price falls.

In three months to July, house prices were 3.6 percent higher than in the preceding three months. On a yearly basis, prices continued its upward trend. Prices advanced 10.2 percent from the same period of last year.

Stephen Noakes, Mortgages Director, said, "While supply remains low, housing demand continues to be supported by a continuing economic recovery, growth in employment, improving consumer confidence and low mortgage rates."

"However, earnings growth is still lagging behind consumer price inflation," Noakes said.

If you are thinking of "cashing in" whilst prices are high, give us a call at Martin and Co Estate Agents in Sutton at 020 8337 9647 or email sutton@martinco.com .