Peter Rollings, CEO of estate agent Marsh & Parsons commenting on the Halifax house price index
Fri 06 Jan 2012
"Halifax's latest figures indicate that the national housing market is still reeling from the effects of a sluggish wider economy. Lethargic wage growth in comparison to inflation and a deteriorating labour market is weakening purchasing power and holding back buyer demand outside of London. But its not all doom and gloom. More positive noises are coming from the mortgage market, which saw mortgage approvals hit their highest level in 23 months in spite of the unfolding eurozone crisis. If lenders continue this trend, we may see a modest improvement in the coming months in both housing market activity and prices as first-time buyers look to move at pace to buy before the end of the stamp duty holiday in March.
For further information please contact:
The Wriglesworth Consultancy, Dan Pike / Neil Mackwood 0207 427 1430 / 0207 427 1434
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 was acquired by LSL Property Services plc in November 2011, but continues to operate as a separate business, retaining its current management team.
Marsh & Parsons are a 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.