Peter Rollings responding to the latest ONS House Price Index and CML figures
Tue 21 May 2013
"This mornings figures show yet more encouraging signs of a quickening recovery in the UKs property market. There are wider signs of economic recovery and the London stock market is powering ahead, which is a sure indicator of future growth prospects and with April being one of the strongest months for lending since the collapse of Lehman Brothers in 2008 there is a general feel of optimism in the air. The London property market continues to operate in its own microclimate, driving growth in UK house prices overall with consistently strong price increases. But a steady growth of 7.6% does not constitute a bubble. Bolstered by strong demand from both overseas and domestic buyers, together with government initiatives such as Help to Buy, the London property market looks set to continue its orderly rise."