Response to the ONS' House Price Index for May
Wed 16 Jul 2014
Peter Rollings, CEO of Marsh & Parsons, comments: "Renowned worldwide as a hub for business, investment and culture, London has always enjoyed unrivalled popularity as a place to live and work in, and this demand has fuelled growth on an entirely different trajectory to the rest of the UK."
"After a whirlwind start to the year, the dust is now settling. Increasing consumer confidence has encouraged sellers to put their property on the market, boosting supply and relaxing competition, and prices are stabilising as the market returns to more normal trading conditions. The increased supply of property for sale is throwing buyers a much-needed lifeline and benefiting sellers, who now have wider choice for their onward purchases. This new injection of calm into the market will sustain healthy activity levels for the duration of the year, and ensure the recovery continues to wash across the country."