The price of houses in the UK went up again recently after being down for a year and a quarter according to analysts. The rise is credited to the increasing buyers activity and property sales over the last month. Eight other surveys said that prices had indeed risen over the past quarter year and analysts say that the rest of the year will be an ordinary year in terms of house prices.

The surveys done so far say that first time buyers will come back seeing a good forecast. They believe that a combination of the maintenance of a good price and the rise of first time buyers will protect the market from further downfall. This has been seen in reality in London and Scotland so far. The only exceptions are Midlands and East Anglia. 

The greatest rise in sales was the seen at the year end. This period usually shows quite a small rise in sales increase.  There is worry in the air that the new customers in the market will not be satisfied by the new properties coming into the market. This may even ward off first time buyers.

House prices are going up and up, and above the average salary of the buyer. Otherwise growth went three percent up from the fifteen percent (which was the average since Jan ’04). A good employment ratio and good economic conditions seem to hold the overall market together. This good run would be ruined by the lack of  properties up for sale. While this is happening, first time buyers have the trouble of an up and down market whose performance can never really be predicted.