House prices continue growth in April

Posted in General

20th April 2010

Sellers are now asking 6 per cent more for their homes than a year ago, which will be seen as a boost for those wanting to enter into an equity release scheme.

However, the figures from property website Rightmove.co.uk also show that the actual selling price was only 2.6 per cent higher on average but this still represents growth, meaning homeowners can still get more when they release equity.

The website suggests that the housing market is approaching a pivotal point, as the amount of houses available also increases.

However, with the reintroduction of the stamp duty holiday for first time buyers, there should be more people looking to purchase. This could ward off a slump in prices due to over-supply.

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