Although the increase is relatively small, it is the fifth month in which house prices have gone up.
(PRWEB UK) 1 March 2013
According to The Guardian, House prices increased by 0.2 percent in February, the fifth consecutive month without fall, statistics from Nationwide Building Society have revealed. The findings also showed that the average cost of a house in the UK at £162,638, over £1,000 more than the same month last year.
Cost.co.uk is delighted to learn of some positive money based news after the recent turbulent pound rate, increased living costs and peaking interest rates. Over the last 12 months house prices have seen ups and downs, but in most recent months have tended to stay in positive territory giving an overall interest of 0.6 percent. Nationwide’s chief economist Robert Gardner added, "There have been tentative signs of a pick- up in recent months."
The news is good for home owners looking to sell helping them achieve maximum price as a representative from Cost.co.uk added, "Although the increase is relatively small, it is the fifth month in which house prices have gone up which is positive news and we hope that this is a pattern that continues to rise for those wishing to sell their houses. For those who are looking to buy, it seems that the best time to buy is sooner rather than later."
Cost.co.uk is dedicated to providing the best consumer based news and information on a variety of sectors including insurance, finance, travel and utility. The comparison site gives the ability for consumers to see all information in one place helping save money, time and effort.
Cost.co.uk continues to closely follow consumer based news.
Based in Essex, Cost.co.uk is one of the UK’s leading price comparison sites. Allowing their online customer’s access to companies offering a range of insurance, financial and travel services, the firm specialise in providing a personal experience. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.