Propertymark responds to the publication of the Rightmove House Price Index

Nathan Emerson, CEO of Propertymark, responds to the publication of the latest Rightmove House Price Index covering July (15 August).

“House prices remain high, and this trend is set to stay that way in the short term. There continues to be a large imbalance of buyer demand to housing stock levels, but the market is sustaining itself.

“As we have seen much of during the pandemic, the lifestyles of many buyers continue to change meaning homes in more rural locations are still seeing high levels of activity and the prices achieved.

“The property market will undoubtably still see the gradual impact of the increases to the cost of living and interest rate rises which play a key factor in affordability.

“This should start to bring activity to a more even keel towards the end of the year.”

Kindly shared by Propertymark

Main article photo courtesy of Pixabay