Press response to the Land Registry's HPI data for March
Wed 30 Apr 2014
Peter Rollings, CEO at Marsh & Parsons, comments: "UK house prices dipped slightly from February as market conditions steady. This is largely due to the chequered regional picture, with areas such as Wales seeing prices fall on both a monthly and annual basis.
"But London homeowners are still holding the winning hand, with annual house price growth of 12.4% in the capital. In Prime London, price increases have been even higher, with three-bedroom properties rising by 729 a day over the past twelve months. Prime London is still a strong sellers market and with returns like these, its easy to see why both UK and overseas buyers are queuing up to buy property in the capital.
"However after a record start to the year, conditions in the capital are beginning to stabilise. More sellers are marketing their properties for sale in the busier spring season, which is helping to ease the supply shortage. In Prime London as a whole, the number of registered buyers per property has decreased from 24 in January, to 23 in February, to 20 in March, to 18 in April. This is giving buyers a bit more breathing space and will help to stabilise prices."