David Westgate on the latest Halifax House Price Index

Speaking in response to the latest Halifax House Price Index data Chief Exectuive David Westgate said:

"In 2019, the property market saved its best for last.

“That December delivered the strongest growth of 2019, even with a General Election, highlights the way indifference towards Brexit grew throughout the year.

“January will be the real test of sentiment but for 2019 to have finished on such a high sets a positive note for the year ahead.

“There is an exceptional amount of pent-up demand in the market that has the potential to drive prices higher throughout 2020.

“The fact we now have a 5-year administration with a strong mandate and clear political objective will create confidence and bring back the aspirational buyers and sellers that have been lacking since the EU Referendum result.

“Low borrowing costs and a strong jobs market will reinforce the renewed sense of optimism many people are feeling."

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