Absolutely Notting Hill: Peter Rollings responds to the latest Land Registry figures
Fri 01 Feb 2013
Rising national house prices will provide cheer for homeowners who have seen their equity dwindle since the inital credit crunch, but the falling number of moves taking place highlights the topsy-turvy nature of last year's housing market. Even as late as September the market was struggling to come to terms with distractions earlier in the summer, which hampered the number of buyers in a position to finalise moves in the month. But recent improvements in mortgage lending, combined with rising national house prices point towards a more positive end to the year and start to 2013. If the cheaper funds from the Funding for Lending Scheme, can find their way to first-time buyers without substantial deposits, it will go some way towards seeing transactions rebound sustainably and bridging the price growth gap between London and the rest of the country.