Property values could continue to surge

Brits considering whether to improve their property with a bespoke conservatory, or sell up and move, may be interested to hear the predictions of a mortgage broker.

The next few months should see activity in the property sector increase further as a result of a rise in the number of mortgage approvals, according to London-based Capital Fortune.

It explained figures from Halifax revealed the number of online financial enquiries the lender has received has risen by more than a third (36 per cent) of late.

Commenting, Capital Fortune business manager Rob Killeen explained the economy would have to help support the new first-time buyers and other purchasers looking to enter the market.

He said: "Commentators maintain that given the expected rise in unemployment to well over three million, it is unlikely that house [prices] can be sustained for long at the very strong rate observed over the last few months."

Meanwhile, there are currently around 2.38 million people without jobs in the UK, according to the latest data from the Office for National Statistics.