Search Acumen comments on the latest ONS House Price Index
Andy Sommerville, Director at Search Acumen, comments on the latest ONS House Price Index for June 2017:
“A slowdown in house price growth is good news for first-time buyers and those looking to move up or down the housing ladder. At the same time, lethargic price growth will undoubtedly worry those who have a large amount of equity tied up in property.
“Ultimately, the current market can’t satisfy everyone, but it needs to be fed with new stock required to provide for Generation Rent whilst creating stability for those already lucky enough to be on the housing ladder.”
“There is not enough action to tackle chronic lack of supply. Yet again we call on the government to jump-start our housebuilding sector and reassure homeowners and prospective buyers from across the UK.”
Kindly shared by Search Acumen