Peter Rollings commenting on the latest Halifax house price figures
"In some parts of the UK, house prices have started to dip as the continuing shortage of available mortgage finance dampens demand from buyers and more homes are put up for sale following the scrapping of HIPs. Certain areas – particularly city centres with an oversupply of small flats – are more vulnerable to a drop in prices, but that’s not the case in London. Property prices in the capital have without doubt reached a plateau following at least 14 months of consistent and, in some cases, considerable growth. This is as a healthy break in the upward trend, but I cannot see any sign of a double dip in London."
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