Press response to ONS' House Price Index for November 2014
Tue 13 Jan 2015
Peter Rollings, CEO of Marsh & Parsons, comments: "With all attention focused on the downtrend in property price growth in recent months, were in danger of forgetting that a double-digit rise in home values over the past twelve months is an impressive leap. And after the exertions of the summer months, this is simply a period of natural re-calibration, restoring a more sustainable pace of price inflation. Growth is still ticking along in the right direction, with a steadier 0.2% climb in the month to November.
"The first half of the year is typically the most energetic for the property market, and were already seeing reinvigorated demand in the new year, as more people turn their sights to getting their foot on the property ladder or moving home. Conditions are ripe for buying, with a rise in supply of property for sale, a relaxation in bank lending criteria and historically low mortgage rates ensuring less fraught competition for homes."