The news from the housing industry is that their sector is starting to make a recovery. The housing market have reported an 18 month rise in house prices, and the average amount of homes being sold are double what they were in August 2008. News from the council of mortgage lenders is that some of the banks are increasing the amount of buyers they give their mortgages to by 36%. The numbers of people getting a mortgage still arent as high as they once were, with people still viewing the industry with a cautious eye. Figures also show that house prices have stopped falling and are now very slowly starting to rise again. The prices of homes have risen for the 4th month in a row, going up two percent each month. Prices are still lower than what they have been, so now might be the time to decide on that new house rather than risk paying an increasing prices for it later down the line.

Is this really that good news? For first time buyers its a mixed bag, as your house wont be as cheap as it was a couple of months ago, but you’ve got more chance of getting a loan from the banks. For people interested in selling their home it could be worth waiting another couple of months to see if the prices continue to rise. Either way its the estate agents that win, not only will more people be getting mortgages, they will be getting it at increased prices again and will have more houses to sell. First time buyers were complaining that house prices were to high beforee we hit the recession, now we have the sellers moaning about the fall of the house prices, cant please everyone can you?

Looking for South west london estate agents for property to rent in Balham? Visit these guys