Response to Land Registry's House Price Index for September 2015
Wed 28 Oct 2015
Peter Rollings, CEO of Marsh & Parsons, comments: "The mercury in the property market is rising, with a much warmer 1% month-on-month rise in house prices in September. And for the second successive month, London has posted the biggest boost in property values of any region.
"But most of this heat is emanating from a shortage of homes for sale, especially at the more affordable end of the London property market and this will only escalate with an anticipated rise of interest rates in the New Year. Conversely, sales activity is looking decidedly cooler and the million pound plus market is yet to thaw out and get moving again since suffering the repercussions of more stringent stamp duty."