- UK Finance CEO responds to Which? letter regarding the launch of the Authorised Push Payment Scam Voluntary Code(the Code)
- S&P Global Ratings publishes report headed "Islamic Finance And ESG: The Missing 'S "
- A group of banks join with SWIFT to test real-time gpi cross-border payments in Europe through the Eurosystem’s TARGET Instant Payments Settlement (TIPS)
- HSBC is adopting Globality’s innovative AI-based platform for sourcing and procurement of services
- lastminute.com working with Mastercard and Divido on a new instalment payment solution when booking travel
- Banking Trojans increasingly problematic for businesses says cyber experts Beazley
- Currencycloud and start-up Evarvest in new partnership expired
- Habito CEO comments “Despite house prices slowing down, recent Habito research shows cost is the biggest concern for would-be buyers across the UK" expired
- Marqeta $260m funding announced expired
- Monese brings Apple Pay in further markets to its customers expired
- Monzo reaches two million customer level expired
- Paragon's Asset finance business continues to grow its loan book expired
14th May 2019
Halifax records strong house price growth as market momentum starts to build
As the Halifax records strong house price growth, Marc von Grundherr, Director of independent estate agent Benham and Reeves, commented:
“Positive reading for the UK market and while a slightly erratic rate of annual growth may not be proof that we are out of the woods just yet, it certainly does demonstrate the much healthier position we find ourselves in now when compared to this time last year.
"To say that demand for housing has subsided is misleading and not only have transactions remained consistent throughout the start of the year, but buyer demand remains prevalent, albeit more selective than it may have been previously.
"Where the property market is concerned, London has been the driving force behind the recovery of the financial crash and while the capital may have paused for breath at present, it still offers by far the best investment options when looking at the UK market and will continue to do so moving forward."
Founder and CEO of Springbok Properties, Shepherd Ncube, commented: “We’ve now seen three consecutive months of positive quarterly and annual price growth and these more long-term indicators of market health suggest momentum is again starting to build across the UK property sector.
"While current market conditions may not be ideal they certainly could be worse and ten years on from the market lows of the financial crisis it's important to remember this. When considered in this context, Brexit and the resulting market uncertainty has been a mere blip during an otherwise impeccable recovery for the UK market.
"As we enter the spring and summer selling seasons this momentum will continue to build and regardless of how and when we leave the EU, the market will remain robust and continue to thrive despite all that’s thrown at it.”