Response to the Land Registry's latest House Price Index
Wed 29 Jan 2014
Peter Rollings, CEO at Marsh & Parsons, comments: "The UK housing market continues to pick up with prices and sales volumes taking a huge leap forward. Demand is growing, competition is heating up and first-time buyers are rushing back to the market as improved lending conditions stimulate movement at all levels.
"The London market continues to steam ahead faster than the rest of the country, with a 2.6% monthly increase in prices in December as the imbalance of supply and demand pushes prices higher. In January, we recorded 19% more buyers entering the market in competition for 28% fewer properties. However, London is just one slice of a complex industry and we expect a return to more normal market conditions in the spring, as more property becomes available."