Peter Rollings responding to the latest House Price Index from Halifax
Wed 05 Jun 2013
"This mornings figures show a pleasing pick-up in home sales as the UK property market continues to bloom into spring. The number of homes changing hands around the country increased by 2%, with many first-time buyers having been helped onto the housing ladder by the Governments Funding for Lending scheme. The ratio of house sales to the stock of unsold properties has increased since last autumn, showing yet more evidence of the UKs blossoming property market.
"Meanwhile in London, at Marsh & Parsons weve experienced a 9% increase in the number of those registered to buy property, as the Governments stimulus initiatives begin to clear the backlog of those waiting for the right time to buy. House prices in the capital continue to increase at a faster rate than the country as a whole, with demand for property remaining consistently high as overseas and domestic buyers compete for the best properties."