Prime country house prices in England rose by 0.4% between April and June, the second consecutive quarter of growth. However, prime property values are still down by 1.2% on an annual basis and are 21% below the market peak in Q3 2007.
Despite the recent increases in house prices, the prevailing feeling in the market is still one of uncertainty, with transactions taking longer as buyers consider their options. While viewings increased by 7.9% over the first six months of 2013 compared to the previous year, the number of new applicants rose by just 0.1% over this time.
Source : Knight Frank