Peter Rollings commenting on this morning’s house price figures from Halifax
Thursday, 10 September 2009
"The increase in house prices nationally comes as no surprise and in pockets of the country – most notably in London – prices are rising faster than these numbers indicate. The underlying problem is a lack of supply of properties on the market. Some homeowners lack confidence and are reluctant to take on a bigger mortgage and the cost of moving, while others are restricted by difficulties in obtaining a larger mortgage. The shortage of properties for sale is, in turn, dissuading other homeowners from putting their homes on the market – creating an inevitable bottleneck.
"The introduction of 'first day marketing' HIPs has also had a detrimental effect as it takes the immediacy out of the market and puts off owners who are only prepared to sell if they first find the 'perfect' place to buy."
-ENDS -
For further information please contact:
The Wriglesworth Consultancy: James Staunton / Tom Urpeth 0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 14 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.
Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.
Subscribe to this comment's feed
