UK house prices hit another record high – property industry reaction
Russell Galley, managing director at Halifax: “With prices rising for a fourth straight month, the annual rate of inflation now sits at 8.1%, its highest level since June.”
Russell Galley, managing director at Halifax: “With prices rising for a fourth straight month, the annual rate of inflation now sits at 8.1%, its highest level since June.”
Chief executive Gareth Samples: “Whilst the market would benefit from increased stock of properties to let or sell, we have continued to achieve significant transactional activity.”
Iain McKenzie, CEO of The Guild: “The absence of an interest rate rise from the announcement provides much-need breathing space for those worried about their mortgage payments.”
Marc von Grundherr, a director of Benham and Reeves: “Demand is lifting and rental values have not only recovered, but they’ve also exceeded levels seen prior to the pandemic.”
Hometrack’s Spencer Wyer: “Whilst the effects of climate change are well publicised, the direct impact of climate change on property valuation is a more challenging area for lenders.”
Purplebricks: ‘After an exceptionally strong period for the UK housing market in FY2021, buoyed by the stamp duty holiday, the six-month period to 31 October 2021 has been more challenging’.
Congratulations to the EA Masters award winners.
The 22-year old estate agent, who worked as a senior negotiator at Connells, smashed a gin glass on a female worker during a row, leaving the victim needing stitches. She has been spared jail.
Spicerhaart’s Tim Wardley: “Our modern, state-of-the-art property centre is now our new base for expanding our estate agency, lettings, financial and new home services.”
Acquisitions at the double for agency on the expansion trail.