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17 October 2017
Doug Crawford, CEO of My Home Move comments on the ONS House Price Index, UK: August 2017
“It would seem that the UK property market has yet again displayed signs of its robust nature as prices continued to rise throughout August, with the average home now costing £225,956. While this carries some good news for sellers, there is still a concern that unless enough of the right stock is made available to buy, either through a coherent building programme or further government backed incentives the market will begin to slow. This is especially true for those looking to downsize into homes that meet their wants and needs.
“Today’s news that inflation has risen to 3%, means that home movers across the board are likely to be in for a bumpy ride, unless wages are set to increase too. With the Autumn Budget on the horizon, we watch eagerly to see if the Chancellor will go further than the promises made by Theresa May during her Party Conference speech, and provide the Stamp Duty holidays or adjustments which will help those looking to move access the homes of their dreams.”