Latest figures from the Halifax Price index show an annual increase in property values of 8.1% placing the average UK property value at £192,970. Home sales rose for the second successive month in February with a 2.5% increase compared with January.
Signs of a recent modest pick-up follow a steady decline during most of 2014 with sales in February still 8% lower than in February 2014.
Locally prices have been stable with many buyers and sellers sitting on the fence waiting for the election results.
Overall, the supply of homes on the market remains low but we are confident we will see many fresh properties coming to the market over the coming months.