Peter Rollings commenting in response to Halifax Price Index
Fri 04 Feb 2011
"Halifaxs latest figures point towards a positive start to the year for the housing market. This nationwide bounceback has been largely driven by the frustrated demand of buyers in December, whose house-hunting was delayed by Christmas and the onset of arctic weather conditions. This positive news does reflect what's happening in London, where strong house prices have been underpinned by increasing levels of activity in January the real barometer of the market's health. Our offices have seen a very busy start to 2011, buoyed by strong demand from UK and international investors - and those top-tier buyers hoping to buy before the stamp duty hike in April. With the ongoing strength of demand for prime property, we expect prices and activity in the capital to continue its trend of improvement over the course of the year. However, any sustained nationwide recovery is much more dependent on the strength of the wider economy, and an increased availability of affordable mortgages for first-time buyers. At present, there simply arent enough achievable deals on the market for first-timers to generate a persistent improvement in the UK housing market."For further information please contact:
The Wriglesworth Consultancy
Dan Pike / Neil Mackwood
0207 427 1430 / 0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 15 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.