UK : Rising property prices confirmed ... yet

New study findings themselves. According to figures released Tuesday by the bank Halifax, house prices have continued to rise in October for the fourth consecutive month.

On average, British buyers have spent 165 528 pounds sterling to purchase a home last month, up 1.2% from September and 4.7% less than in October only 2008. Prices rose more than 7% since April and accumulate in the first ten months of the year a gain of around 3%.

Supply and demand
"Demand for housing has increased in recent months, thanks to very low interest rates, the downward trend in prices began in the summer of 2007, and the surge of consumer confidence," explains Martin Ellis, chief economist at Halifax. This increased demand, combined with the weakness of the housing stock available for sale, could explain the rise in prices. But wait before you scream at the end of the price decline. According to Martin Ellis, "the recent improvement in market conditions seem to encourage more owners to put their property up for sale. If it were true in the coming weeks, this trend could restore the balance between supply and demand for housing, and put an end to rising prices.