Private Finance comments on the November 2019 ONS House Price Index
Shaun Church, Director at Private Finance, gives his comments on the publication of the November 2019 ONS House Price Index.
“2019 was a year of gloom for property prices across London, but now with greater political certainty this downward trend could be set to be overturned. House prices in the capital have increased by 0.2%. While this increase is minimal, it still amounts to £950 growth for the average London home and will no doubt act as a positive sign that London will remain a hub for property investment.
“Those encouraged by this slight uplift shouldn’t delay if they’re looking to buy. There still remains many discounted properties across the capital, but if London property prices are seen to be back on the up, this window of opportunity could quickly close.
“Beyond London there remains pockets of real growth particularly across the home nations with Wales, Northern Ireland and Scotland all enjoying significant house price rises.”
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