House prices rise between April and June

house-up-graphFigures released by Halifax show house prices rose by 0.1 per cent in the second quarter of the year, between April and June.

But a low level of demand for properties – perhaps due to the fact self-building is becoming a more popular option – is continuing to hold back growth in the sector.

According to Martin Ellis, housing economist at Halifax, this is the first time house prices have risen during a quarter since the first three months of 2010.

He said: “The more volatile monthly figures showed a 0.5 per cent decline in prices in September. This continued the mixed monthly picture experienced so far this year.”

This comes after prime minister David Cameron revealed the coalition government’s plans for the housing market, on the BBC’s Andrew Marr Show on the first day of the Conservative Party conference last weekend.

He said the state will be providing firms with real estate on which to construct new domiciles.

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