Response to the latest House Price Index from the ONS
Tue 17 Dec 2013
Peter Rollings, CEO of Marsh & Parsons, comments: "This mornings figures represent the highest yearly UK house price increase since September 2010, so there is plenty of cause for festive cheer. At a time when we often experience a seasonal slowdown, average property prices increased by 1.4% from the previous month and each region in the UK experienced growth.
"But the London property market is dancing to a different beat, with 12% annual growth, and prices rising at more than twice the speed of other regions. Prime London continues to be a magnet for both UK and overseas buyers, and demand for the best properties remains intense. We have recorded an average of 19 registered buyers per available property, and until levels of supply increase, property will continue to sell quickly, for close to, or for the asking price, and in many cases, in excess of the asking price."