Propertymark comments on Nationwide’s latest House Price Index

Nathan Emerson, CEO of Propertymark, comments on the publication of Nationwide’s latest House Price Index (January 2023) on 1 February 2023.

Nathan Emerson

“January has kicked off the New Year with a boom according to many of our estate agent members.

“They have seen a rise in homes coming to the market and plenty of keen sellers present. 

“Buyers are cottoning onto the fact that purchasing power is now in their hands due to competition levels easing for the first time in a while.

“Therefore, it is unsurprising that the average house price continues to fall as buyers tighten their purse strings and, in some cases, look for slightly smaller, more cost-effective homes than before.”

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