Friday, 28 March 2014

Housing Market 'Momentum' Continues

Property sales rose sharply in February compared with a year ago, while rental costs started to go up again, figures have suggested. Sales totalled 84,950 in the month, up from 64,270 in the same month a year earlier, data from HM Revenue and Customs shows. But, owing to the seasonal slowdown in the market, this was the lowest level since April. Meanwhile, rents rose 1.6% year-on-year in February, a survey said. LSL Property Services, which owns Your Move and Reeds Rains, said that rent across England and Wales increased to £743 a month on average. Read more on the BBC website.

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