Response to the ONS' House Price Index for January 2015
Tue 24 Mar 2015
"A 0.2% reduction in house prices from December to January is nothing to scare the horses and the year-on-year improvement shows a market headed in the right direction, albeit taking a rather more scenic route.
"London is at the vanguard of these annual increases and has actually registered price improvements double that of the UK as a whole when the capital and the South East are removed from the equation. With some London properties for sale continuing to attract multiple potential buyers, the margin in house price growth between the capital and elsewhere is no surprise, but the gap continues to narrow which shows that Londons property market is now on a more sustainable path."