U.K. Property Prices Increased in January, Acadametrics Says – Bloomberg 02-07-13

Salient to Investors:

Acadametrics and and LSL Property Services said the the average price of a home in England and Wales increased 3.1 percent from a year earlier. 6 regions posted an increase in annual prices, 4 posted declines, London led gains, rising 9.4 percent.

David Brown at LSL Property Services said market conditions are certainly improving, while house prices and sales in 2013 will be closely tied to how well banks cope with the financial grenades being thrown by regulators and the euro zone.

Peter Williams at Acadametrics said improvements in the mortgage market, signs of employment strength, and increased first-time-buyer activity provide reasons for confidence in the property outlook.

Read the full article at http://www.bloomberg.com/news/2013-02-08/u-k-property-prices-increased-in-january-acadametrics-says.html

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