Peter Rollings commenting in response to the latest Halifax house price index
Mon 10 Jan 2011
Peter Rollings managing director of estate agent Marsh & Parsons, said:
"Halifaxs latest figures point towards another fall in house prices across the country last month. We are still seeing the impact of restricted lending to first-time buyers, which is holding back any recovery in the housing market. But December was also an abnormal month. The worst snowfall in a century reined in the number of buyers hitting the streets and viewing potential properties across many areas of the country. This has accentuated the seasonal slowdown in the UKs housing market. However, Londons market tells a very different story. Despite the snowfall, buyer demand for prime property in London remained strong compared with November and a slight decline in the number of properties available supported property prices in the centre of the capital. With more properties for sale beginning to come onto the market, and demand set to remain strong from both international and UK investors who are not affected by the ongoing mortgage famine, we anticipate central Londons market to perform even more robustly in the coming months."
For further information please contact:
The Wriglesworth Consultancy Dan Pike / Neil Mackwood 0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 14 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.
Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.