Brilliantly brutal, mad and confusing #TwinPeaks is back and I have no idea what the hell just happened in those couple of hours - fab
16th February 2016
The Office for National Statistics, (ONS) released their House Price data today and showed that prices have continued their inexorable rise upwards.
Prices rose by 6.7% in the year to December 2015, which, although showing a slight slowdown from the previous month, was still a high figure. This was all led mainly by gains in London and the South East as per usual.
The Main Findings :-
Although the pace of change has dropped off a touch from the previous month, many buyers will continue to be frustrated as they watch house prices disappear further out of their grasp, especially as there is no sign of wage growth to keep up.
Whilst Government schemes such as Help To Buy will undoubtedly continue to give builders confidence to build and will help a fair few new buyers, demand side policies such as this continue to fan the flames under the housing market.
More needs to be done to meet the requirement for the right type of affordable housing to be built before the dream of owning a home eludes even more people.
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Andrew Montlake, Director and Spokesperson for Coreco, gives his honest and forthright views on the mortgage market, economy and all things property related. Monty was voted "Mortgage Personality of the year 2008", "Best Press Spokesperson" in 2011 and is the current holder of the British Mortgage Awards “Best Marketeer” title. Expect expert analysis, delivered in a down to earth style with a side helping of exuberance.