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UK: House prices ‘hit five-year high’

Posted on 19 February 2013

The housing market has made a “sprightly” start to 2013, with asking prices reaching their highest levels for February since 2008, a property search website said on Monday. Prices jumped by 2.8pc month-on-month to reach £235,741 on average, with big monthly leaps of around 5pc recorded in the North West of England and Wales, Rightmove said.
Prices are 1.1pc higher than a year ago and are just £2,115 shy of a February record set in 2008, showing the market is making a “slow but steady recovery,” the study said…………………………………….Full Article: Source

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