Rise in House Prices across the U.K - no sign of slowing down

Rise in House Prices across the U.K - no sign of slowing down

Iain Mckenzie CEO of The Guild of property professionals commented on the rising housing market in The Guardian and The Telegraph this week:

A shortage of homes for sale in the UK is likely to keep pushing prices higher, predicts Iain McKenzie, CEO of The Guild of Property Professionals:
“The remorseless rise of house prices continued through August, with the value of the average home now nudging a quarter of a million pounds.
“Even the scaling back of the stamp duty holiday hasn’t put the dampers on the demand we are seeing for property across the country.
“First-time buyers with a deposit in the bank are itching to get their foot on the ladder and incentives such as the extended Help to Buy scheme and the 95% government guarantee mortgages are making it all the more appealing to buy now.
“The main obstacle to intended buyers is the lack of properties on the market, and that lack of supply is likely to keep prices moving upwards in the short term.”

Source: The Guild

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