Latest London news, sport & entertainment

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 10°C

Five-day forecast

The housing market showed further signs of recovery last month, according to the MyMoney24 Property Index.

To send a link to this page to a friend, you must be logged in.

The index, produced in association with Agency Express, showed that the number of sales in the residential market rose by 43pc in February, which represents the largest rise in two years.

The number of new For Sale listings also rose on a monthly basis, up nearly 20pc on January’s figure.

As well as the monthly rises, both Sold and For Sale listings were higher on an annual basis – up 7.7pc and 4.2pc respectively.

Regional hotspots for new For Sale listings included the West Midlands (up 36pc) and the North-East (up 28pc).

The West Midlands was also the star performer when it came to data on Sold properties, with a rise of 62pc during February. Scotland (up 60pc) was a close second.

“Our Index figures for February show a very encouraging consolidation of the housing market, virtually nationwide,” said Agency Express managing director Stephen Watson.

“A combination of relatively low interest rates, more affordable property prices and the stamp-duty incentives pre-March for first time buyers, coupled with the early mild weather, has obviously put the thought of moving house back into people’s minds.”

Agency Express provides a nationwide estate-agency board service, with the property index based on demand for Sold and For Sale boards.

Latest London news

0 comments

LDN24 Promotions

Lord's Cricket Ground

Everyone’s invited to Lord’s this summer

Lord’s will host the first ever domestic T20 group stage double-header when Sussex and Essex take on Middlesex at the Home of Cricket on Saturday, May 17.

Read full story »

Always wanted to create your own beer? Perfect Pint are giving you the chance.

WIN beer with Beer BingoTM

When no simple way to find Real Ale was at hand, 4 Ale enthusiasts got together to allow anyone with a smart phone to find Real Ale no matter where they happened to be, this was the birth of the Perfect Pint app.

Read full story »

The Week subscription offer

The Week magazine special offer

London24 have partnered up with The Week magazine to offer you a complimentary issue – delivered free to your door.

Read full story »