“While the 8 per cent rise in house prices year-on-year for owner occupiers, the 7.7 per cent increase in the average price paid by first-time buyers is concerning as house price inflation continues to outstrip wage increases, particularly in London and the South East. Demand-side policies such as Help to Buy London are helpful in the short term, but with 15,000 enquiries in the week of its launch for only 61 listed new-build properties where the scheme can be used, according to the Government’s website, supply pressures continue to prove the major constraint on the market.”
For further enquiries, journalists can contact:
Rachael Snelling, Aldermore
Phone: 0208 1853 102
Johnathan Priestley, Cicero Group
Phone: 0207 297 5971
Notes to Editors:
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.