Example Hero

News / Blog / Research & insight article

House Prices September 2015

South Audley St

–– Annual house price growth at national level slowed in July (+4.6%) according to the Land Registry. More recent data from Nationwide (+3.2%) suggest that further deceleration occurred in August.

–– The East of England is now the region with the fastest rising house prices – ahead of London – with annual growth of 8.9% recorded by the Land Registry, nearly twice the national average.

Nick Barnes (NB), Head of Research at Chestertons:

"House price growth may be slowing in most parts of the country, however affordability has not improved. First-time buyers are particularly frustrated that, despite low interest rates, they often struggle to raise a deposit, especially if they are trying to save while renting.

Could an interest only mortgage tailored for first-time buyers and the Government’s shifting emphasis to delivering more affordable homes get this part of the market moving again?"

House Prices

Example Background Article Details

Contributed by

Nick has more than 20 years’ experience within the property research arena.

Nick Barnes

Nick Barnes

St Magnus House

020 3040 8406