House prices in March edged up by 0.5%, it has been found.
March witnessed a 0.5% increase in house prices, it has been shown.
According to Nationwide, costs rose by 0.6% on the three month on three month measure, resulting in prices currently standing at 0.1% higher than they did a year ago.
Robert Gardner, chief economist at the organisation, observed that the fees have now escalated - although modestly - in the three of the last four months.
The industry figure claimed the outlook remains unclear but suggested these findings could see the start of a considerable upturn in prices.
He said: "The economy entered a soft patch at the back end of 2010, and there have been few signs of a strong bounce-back."
Despite demand remaining fairly soft, a rapid increase in property supply is unlikely, Mr Gardner added.
According to the Land Registry's House Price Index, house prices in England and Wales dipped by 0.8% In February, marking a 1.7% annual cost decrease.
Article taken from Houseladder.com