Mortgage holders see property prices rise again

30 November 2009

Written by Jeni Browne

Mortgage holders in England and Wales may have seen the value of their property increase during October, new research suggests.

Land Registry figures show that the average home in these parts of Great Britain grew in price by 0.6 per cent month-on-month.

The typical property was worth £159,546 during the month, according to the organisation.

David Amstell, founder of online property website Briffy.com, said house prices are often a "little high" at the end of the summer holidays ahead of the winter period.

Commenting on the wider housing market, he added that more activity has been noted in recent times, although there is still some way to go before a complete recovery can be spoken of.

"Those that can afford to move have moved," Mr Amstell explained, before warning: "We still have major problems in the economy and that is not going to be over for a while yet."

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