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UK: Signs of recovery in property market

Posted on 19 November 2012

The property market is set to show a recovery in 2013 as a series of positive signals emerge from a national house price index. The Rightmove Index measures trends in asking prices, search activity and inquiries, and all three are up on the same time last year. Asking prices have climbed 2 per cent – £4,617 – since November 2011, while search activity is up 20 per cent and inquiries up 11 per cent over the same time period.
The figures are published just a few days after the Bank of England’s news that mortgage approvals climbed 9.2 per cent over the quarter………………………………………..Full Article: Source


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