Roger Evans, Director of Home Finance Distribution at Gatehouse Bank, comments on the November 2022 ONS House Price Index data

Roger Evans, Director of Home Finance Distribution at Gatehouse Bank, comments:

“Whilst house prices appear to remain fairly robust, supported by the continuing shortage of stock, we are seeing a change below the surface. The property market is slowly becoming more favourable for buyers in some areas as rates stabilise a little following the turbulence of 2022.

“This is good news, not least for those looking to take their first steps onto the housing ladder. At Gatehouse Bank, we are seeing a similar level of customer enquiries for our HPP products as in January 2022.”