Housing market 'may not be set for recovery'

Brits considering whether to move or improve may be interested to hear a property expert has suggested the housing market is not at the end of its slump.

Recent figures from Halifax suggested the industry may have reached its lowest point, with prices increasing by 2.6 per cent in May.

However, Briffy.com founder David Amstell said he feels the market is not out of the woods yet.

"This time of year, people do [show more interest in moving house], even people that haven't been in the marketplace up until now," he said.

Mr Amstell suggested prices generally rose between May and September or October.

Homeowners may decide not to risk moving until they are sure the market is stable once more.

Some might decide a conservatory or glazed canopy could add to their current property, while others could opt for a garden studio to make most of the summer.

According to Halifax, the average price of a UK home is now £158,565 - a year-on-year decrease of over 16 per cent.