The common theme this week seems to be confirmation that we have hit the bottom of the house price falls and low mortgage approvals and we are flattening.

The two main indicators are as follows:

1.         The number of mortgages approved for house purchases in June rose to 47,584 – up from 44,169 the previous month, and the highest number since April 2008.

It was the fifth month in a row that approvals have risen.

2.         House prices in England and Wales have risen month-on-month for the first time since January 2008, this time according to the official Land Registry.

The 0.1% rise in June compared with May brought the value of the average home to £153,046, the survey found.  It said that the figures revealed a “flattening” of prices, although the value of the average home was down 14% on the same month a year earlier.

I think we may bump along at the bottom for quite a few months now, although it’s interesting to see some estate agents in London are already up to their old tricks – we’ve had two deals fall through this month due to gazumping!