Peter Rollings commenting on the Halifax house price figures
Wednesday, 08 September 2010
"The growth in house prices slowed last month as the traditional summer lull in buyer demand materialised. But, the good news for the housing market is that, despite the significant increase in the supply of homes for sale this year, house prices have remained steady. Nationally, many buyers are still adversely affected by the short supply of mortgage funding, but those who are able to access finance are benefiting hugely from sustained low interest rates and this is boosting demand. Undoubtedly, the issue of mortgage lending needs urgent addressing, but there is a scant evidence of a 'double-dip' in prices on the horizon. This is certainly the case in the London market, where demand continues to be strong and there is now adequate supply to meet this."
For further information please contact: The Wriglesworth Consultancy Tom Urpeth / James Staunton 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.
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