File photo dated 05/01/14 of houses in Derbyshire as house sellers are achieving 96.2% of their asking price typically, marking the highest proportion seen in a decade as buyers chase a scarce supply of homes, property analyst Hometrack has found. PRESS ASSOCIATION Photo. Issue date: Monday March 31, 2014. In London, sellers are getting around 99.3% of their asking price and across every region the figure is above 93%, pointing to further price rises, the report for the month of March said. Across England and Wales, the length of time properties are typically spending on the market before being snapped up has dropped to just under eight weeks for the first time since 2007, while homes in London are taking just over two and a half weeks on average to sell. House prices increased by 0.6% month-on-month in March, which is slightly down on a 0.7% rise in February, although for the second month in a row half of postcodes across the country reported rising property values. Prices rose by 0.2% in Yorkshire and Humberside and the North West, by 0.3% in the West Midlands and the North East, by 0.4% in the East Midlands, by 0.6% in Wales, by 0.7% in the South East and London and by 0.8% in the South West and East Anglia. See PA story MONEY House. Photo credit should read: Rui Vieira/PA Wire
%VIRTUAL-SkimlinksPromo%Almost 600,000 poor families are facing a second year of above average council tax rises, according to new research.
The Joseph Rowntree Foundation (JRF) said 580,000 families in England will pay an average of £149 a year more than 12 months ago, having a "significant impact" on their finances.
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