James Bloom comments on the ONS House Price Index

Posted by

James Bloom, Managing Director of Masthaven’s development finance division, comments on the ONS House Price Index, released today.

“The latest figures from the ONS showing that UK house prices increased by 8.3% last year presents some challenges for developers, and we are advising our clients to take a pragmatic approach to new projects whether prices go up or down.  The slight drop of 1.4% in the previous month does show a slight cooling, and there are still opportunities for cautious developers in areas with inherent demand near schools and other local amenities.”