Industry body Propertymark comments on latest Halifax House Price Index

Nathan Emerson, CEO of industry body Propertymark, comments on latest Halifax House Price Index, published today (7 March).

Nathan Emerson, CEO, Propertymark

“Estate agents are still reporting bidding wars and buyers who are migrating. Migration means that some buyers can bring with them a larger budget, especially if they are moving away from a city which can filter through to higher purchase prices. 

“Many buyers who have lost out are still waiting in the wings. In January, our agents reported registering an average of 100 new potential buyers per branch. 

“Coming into February we have seen an increasing number of valuation appointments and we are hopeful that more sellers will come to the market which will help to ease price rises.”

Kindly shared by Propertymark

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