Fall in mortgages rates over last 12 months provided boost to the housing market
11 February, 2013
According to a study by LSL Property Services, the fall in mortgage rates over the last 12 months has provided a boost to the housing market.
Research by the company suggested that the average house price in England and Wales hit £227,478 during January, a 3.1% rise on the same period last year.
According to LSL, market conditions are certainly improving with cheaper funding, thanks to a combination of the Funding for Lending Scheme and an improvement in investor confidence.
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