Housing confidence builds as prices rise £70 a day

By: Graham Hiscott
Source: Daily Mirror
Published: 07 July 2011

HOUSE prices rose almost £70 a day last month, fuelling hopes that the housing slump is finally at an end.

Figures from the Halifax show that the average property cost around £163,049 in June – up 1.2% on May.

Halifax housing economist Martin Ellis said: "Low interest rates, an increase in the number of people in employment and some tightening in market conditions earlier in the year are likely to have been the main factors behind the recent improvement."