Search Acumen’s Andy Somerville comments on the March 2017 ONS UK House Price Index:
“Today’s figures show that UK house prices are continuing to slow, falling from 5.6% growth in February to 4.1% in March. This trajectory is no doubt reflective of the wider sentiment of the UK housing market, with the industry remaining flat and stagnant in the face of ongoing uncertainty.”
“The easing of house price growth will continue to be welcome news to prospective homebuyers, yet the UK government cannot rely on a sluggish market to bring this relief. It is encouraging to see that the issue of housing has come to the fore in this year’s election campaign with the Conservatives promising a “new generation” of social housing and Labour pledging to build 1 million new homes. Policies directly tackling the critical issue of housing supply will offer sustainable solutions to further reduce house prices, making the dream of home ownership more attainable for many in the UK. But the question remains, can any party deliver such unprecedented increases in housebuilding?”
This article was submitted to be published by Search Acumen as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.
