David Bexon, Managing Director of smartnewhomes.com, comments on the latest Halifax House price index:
"The latest Halifax house price index shows a return to positive annual growth, which is good news for homemovers and will help soothe market jitters. Improved affordability especially for first-time buyers – the lifeblood of the new homes market - is also welcomed. However, the government must continue to address the supply of available land for development to address the now considerable shortfall in new housing starts. Keeping interest rates low in 2010 will build on consumer confidence but there needs to be more houses built and greater lending to satisfy the knock-on demand.”
See Also: Property News (6699), Halifax House Price Index (1), Press Releases (372), The Smart Comment (19)
Date Published: 07 January 2010