Response to the Land Registry's House Price Index for February 2015
Fri 27 Mar 2015
Peter Rollings, CEO of Marsh & Parsons, comments: "You can still hear the pitter-patter of house price growth advancing across the country, and while the footsteps are slightly fainter, you can see that a lot of distance has been covered in the past year. Buyers are finding it easier to keep pace with steadier house price growth, and some of the most daunting obstacles to buying have been lowered. The Help to Buy ISA and reduced stamp duty costs will make it faster for aspiring homeowners to save enough to get onto the ladder, and low mortgage rates are also accelerating demand.
"London, the lynchpin at the heart of the countrys property growth, is where the most acute supply and demand imbalances have collided and this has lifted price rises in the capital to heights unfathomable to the rest of the UK. But the dust is starting to settle, and growth is climbing down to healthier altitudes. This is giving London buyers some welcome breathing space and boosted confidence which in turn will allow activity to flourish into 2015."