Last month saw house hunters returning to the property market after being frozen out in December, according to the latest report from the National Association of Estate Agents, which shows demand for housing rising by 11 per cent in January.
Annual house price growth is set to end the year on a negative note, with unemployment and low wage inflation denting mortgage demand, according to the latest forecast from the Centre for Economics and Business Research.
For the fourth month in a row, house prices in the UK edged downwards in January, according to the latest House Price Index from LSL Property Services, which predicts further falls to come in the spring.
The credit crunch led to the lowest proportion of recent homemovers on record in the UK, according to new figures released by the Official of National Statistics, which show that during 2008/09 only 9 per cent of households had moved to their current address within the previous 12 months.
The New Year brought with it a renewed interest in property valuation, with 9 per cent more homeowners getting their house valued last month, according to the latest report from Connells Survey and Valuation.
The housing market is expected to remain subdued in 2011, with low activity levels and little price growth or deflation, according to the annual forecast from the Royal Institute of Chartered Surveyors.
House Price Index
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- Ofgem outlines Smart Meter protection plan
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