Property news: Sharp rise in house sales in March
Spring bounce for property sales, HMRC figures show
The number of homes sold in the UK rose sharply in March as the typical spring bounce took hold, HM Revenue and Customs (HMRC) said. Read more on this story
Asking prices bounce back in first quarter
The asking price for the average home rose more than £3,000 in the first three months of 2012, according to FindaProperty.com.
The property website’s latest house price, affordability and rental index shows a 1.8 per cent increase in asking prices since the start of the year, bringing the UK average to £221,387. More than half of that increase (one per cent) came in March alone. Read more on this story
Mortgage lending at six-month high
A rush to beat the deadline on the stamp duty concession drove mortgage lending to a six-month high in March, the Council of Mortgage Lenders (CML) said today.
Gross mortgage lending was around £13.4 billion, the CML said, representing a 30% rise from £10.3 billion in February and a 17% increase from March last year. Read more on this story