Propertymark responds to Rightmove’s latest House Price Index

Nathan Emerson, the CEO of Propertymark, comments on the publication of Rightmove’s latest House Price Index.

“Our members continue to tell us that the market is gathering momentum.

“However, people continue to be money-conscious.

“Only serious buyers and sellers are making a move after finding a middle ground in their affordability provided through a decrease in property prices helping combat rises in interest rates.

“Many other people are eagerly waiting in the wings ready for a change in interest rates to make it easier for them to move home or step onto the property ladder for the first time.

“Therefore, as soon as they start to fall, we should start to see a further rise in completions and offers.”

Kindly shared by Propertymark