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Aldermore comments on ONS house price index

POSTED: 22nd March 2016
IN: Newsroom
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Commenting on the ONS house price index for January, Charles Haresnape, Group Managing Director at Aldermore said:

“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.”

**Ends**

For further enquiries, journalists can contact:

Rachael Snelling, Aldermore

Phone:          0208 1853 102

Email:           Rachael.Snelling@aldermore.co.uk

Johnathan Priestley, Cicero Group

Phone:          0207 297 5971

Email:           Johnathan.Priestley@cicero-group.com

 

Notes to Editors:

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

  • Mortgage
  • Press Release

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