Response to the ONS' House Price Index for August
Tue 14 Oct 2014
Peter Rollings, CEO of Marsh & Parsons, comments: "House price growth is continuing, albeit at a slower pace through the summer, and is making robust progress across the country. London is faring well, with more choice for eager buyers, but the South East is gaining ground as the recovery widens its nets. The property market in the capital had a head-start in the journey back from the recession, and momentum continues to be pushed along by more realistic prices and more tenacious demand than anywhere else.
"On a monthly basis, were seeing growth become more sustainable and nationwide prices rose a prudent 0.6% in the month to August 2014. This new realism in the housing market is making the buying process a much calmer and considered experience. There is more available property on the market, which has thankfully taken the heat out and has the effect of attracting people back into the mix its a great time to buy and sell property, and this will keep activity on course for the remainder of the year."