HOUSE prices remained unchanged during April as growing demand and rising sales helped to provide some support for the market, research indicated today.
The stabilisation followed eight consecutive months of price falls, which have left the average home in England and Wales costing £153,100, according to property intelligence group Hometrack. But the group warned that it expects prices to come under further pressure during the second half of the year as consumer confidence weakens.
The number of people looking to buy a home has increased by 22% during the first four months of the year, while agreed sales have soared by 46%.
However, Hometrack warned that the bounce-back in buyer interest was largely due to pent up demand feeding back into the market, following the weak second half of 2010, when many potential househunters sat on their hands.
It said this increase in demand was unlikely to be sustained.
