Halifax unveils continued property price rise

Halifax unveils continued property price riseSigns of the continued strengthening of the property market have been unveiled by Halifax.

In the bank's latest House Price Index, average house values were shown to have risen some 0.8 per cent over the course of August.

Not only does such a figure represent the second consecutive monthly increase, it is also the fourth time in the first eight months of the year that property prices have risen.

The average home is now valued at £160,973, although those looking to take steps to further increase their own property's selling price may want to consider carrying out DIY, something which also could help to attract prospective buyers.

Halifax housing economist Martin Ellis points out that demand for housing has increased over the course of this year due to a combination of low interest rates and improved affordability.

"This, together with low levels of property available for sale, has boosted house prices over the last few months," he states.

Meanwhile, Anne Ashworth pointed out in a recent Times article that those looking to purchase a property "will not tolerate" a home that has had poorly-executed DIY work carried out on it.ADNFCR-2244-ID-19354974-ADNFCR

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