Peter Rollings responding to the latest House Price Index from Halifax
Wed 06 Feb 2013
"The housing markets new-found momentum is far from unstoppable, but there seems to be an increased optimism for prospective home buyers in 2013. Credit conditions look to be easing as the impact of Funding For Lending scheme hits home, and the most encouraging fact of all is that it is finally starting push up first time buyer numbers. If this trend continues, we should see an increasing number of buyers able to enter the market and drive national house price growth from the bottom up.
"But all the signs are there that Londons market will see an even stronger spring. Strengthened domestic buyer demand has been supplemented by increased interest from Europe in the last month following the Euros climb against the pound, and as a result weve seen buyer numbers up by 9% compared to the same time as last year. This will feed through into enhanced competition in coming months, boosting sales prices and transactions in prime London in the first half of the year."