House prices RISE for the first time in 16 months as lenders ease credit restrictions »
Posted By myfairlady 8 months, 1 week ago in Business & FinanceHouse prices have risen for the first time in 16 months and the availability of credit is set to improve in a sign that the credit crunch may be easing.
The cost of a home in the UK increased by 0.9 per cent during during March as buyers continued to return to the market, pushing average values back up above the £150,000 threshold to £150,946, according to Nationwide.
The surprise increase also led to a reduction in the annual rate at which house prices are falling, with this easing from a record 17.6 per cent in February to 15.7 per cent in March.
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