Comment on ONS HPI, August 2015
Tue 13 Oct 2015
Peter Rollings, CEO of Marsh & Parsons, comments: "Property price growth is showing a solid performance, and following suit with sensible and steady price rises over the summer months. With every region except Scotland reporting house price growth on an annual basis, and property values at record highs in the majority of regions, theres every reason for optimism.
"Recent changes to stamp duty has slowed the top-end of the Prime London property market. But, while average house prices in the capital have come down from peak levels, they are still ahead of the pre-recession highs and up more than 45% since the crash. The neighbouring regions of the East and South East are setting the pace at the moment when it comes to annual growth, but the capitals trump card will continue to be the lower priced suburbs where demand for first-time buyer homes and more affordable properties is thriving."