LONDON, April 30, 2012 /PRNewswire/ --
PropertyQuoteDirect has taken a look at how house prices have been performing over recent weeks. For the second month in a row house prices have risen, however, it is claimed that London and the South have totally driven this increase. On average, PropertyQuoteDirect have found that prices rose by 0.1% across the whole of England and Wales during April.
However, as Joe de Vries has been explaining, this rise has resulted from prices increasing in London and the South of England alone: "Prices across the rest of England and Wales stayed very static, or actually fell, whereas in London and the South prices have continued to increase. It's important to remember that prices, throughout the recession, in the capital have continued to remain very strong. This, of course, is no surprise when you consider that London is one of the global economic hubs as well as being one of the greatest cities in the world."
London has seen prices rise in April by 0.3% whilst the South East, South West and East Anglia saw smaller 0.1% increases.
PropertyQuoteDirect, a leading light in the property and landlord insurance industry, have been monitoring the housing market as well as the number of policies being taken out. They've noticed that an increasing number of homes were put on the market in April as supply grew by a very impressive 4.8%, which has come as a result of prospective sellers being encouraged by the recent improvements in the market. This has thus led to an increasing number of home owners notifying their insurance provider of a planned change of address.
Mr de Vries further added that if supply continued to grow then it could eventually outweigh demand, which would actually have a negative impact on house prices as they would then begin to drop in order to win potential buyers.
If you wish to request a property insurance quote on a new home, simply visit the PropertyQuoteDirect website in order to fill out a simple quotation form.
Joe de Vries