Tuesday, December 6, 2022
HomeLifestyleHouse price growth sees ’strongest pace of increase’ in 17 years -...

House price growth sees ’strongest pace of increase’ in 17 years – average home now £265k

Iain McKenzie, CEO of The Guild of Property Professionals said it is hard to know how long the “incredible” streak of house price rises will continue for.

The expert said: “These are the highest growth figures since 2004, and if this momentum doesn’t slow down soon, economists will have to start dusting off figures from the 1990s.

“It will take some time for a decline in consumer confidence to impact on house prices, as the demand for properties is still high and competition for each home is fierce.”

Iain said affordability remains a big concern for many, and with the increasing house prices, first-time buyers are worried about being priced out of the market.



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