House prices rise for second consecutive month
House prices across England rose for the second month in a row in April, according to housing market information company Hometrack.
Figures released by Hometrack today show prices increased by 0.1 per cent in April, a smaller increase than the 0.2 per cent recorded in March.
The Hometrack figures continue to show a disparity between London and the south east and the rest of the country.
Prices in London increased by 0.3 per cent while south eastern English regions saw increases of 0.1 per cent. Prices fell by 0.2 per cent in the north east and north west and by 0.1 per cent in Wales and Yorkshire and Humberside.
Richard Donnell, director of research at Hometrack, said: ‘Leading indicators from the survey continue to point to a divide between markets in and close to London and those further afield.’
The Hometrack report says the company expects price rises to slow over the summer.
‘Conflicting reports over the strength of the economy and renewed fears over the prospects for the Eurozone could over the coming months, impact on buyer confidence,’ it states.
‘As a result as we expect price rises to flatten out as we move into the summer.’