Close

Aldermore comments on land registry figures

POSTED: 1st February 2016
IN: Newsroom
Share:

Commenting on the December house price index from December 2015, Charles Haresnape, Group Managing Director, Mortgages at Aldermore said:

“Today’s figures demonstrate a strong end to 2015 in the housing market, with an annual price increase of 6.4%, an 11-month high. However, the overall figure does not display the disparity in house price performance between different regions, with three regions seeing a month-on-month price fall in November, and a more modest annual growth in prices of 4.4% when discounting London and the South East. 

“In London the average property price is £537,000, a 90% increase over a decade. Figures published by the National House Building Council (NHBC) yesterday showed while housebuilding across the UK increased in 2015, in London the opposite was true. The number of new homes registered in the capital last year fell nine per cent, from more than 28,000 in 2014 to just under 26,000 in in 2015. While new housebuilding measures have been announced, there is likely to be a delay between supply policies catching up with rising demand, and housing supply constraints are likely to continue to fuel house price increases in London and the South East.”

**Ends**

For further enquiries, journalists can contact:

Adam Taylor, Cicero Group

Phone:          0207 297 5971

Email:           adam.taylor@cicero-group.com

Rachael Snelling, Aldermore

Phone:          0208 1853 102

Email:           Rachael.Snelling@aldermore.co.uk

Notes to editors:

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.

Want to read more?

  • Mortgages
  • Press Release

Published: