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Bristol property prices 'up since last April'

09 March 2010

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Bristol property prices may have risen considerably since last April, new figures suggest.

 

According to the latest Halifax House Price Index, there has been an average increase of eight per cent over the UK as a whole during this time.

 

In February, the typical value of a dwelling was identified as £166,857, which represented a jump of £12,367 compared with ten months earlier.

 

However, house prices fell slightly between January and last month, with Halifax recording a drop of 1.5 per cent.

 

The firm pointed to the fact that more properties are now on the market as one reason behind this.

 

It also cited bad weather conditions and the end of the stamp duty holiday as two other possible factors.

 

At the end of last year, the government brought the break on the levy to an end, meaning all residences worth over £125,000 are once again subject to the tax.

 

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