Reporting on the ONS (Office of National Statistics) House Price Index data for March 2022

May 18, 2022

Paul McGerrigan,’s CEO comments on – ONS House Price Index data for March 2022

Paul McGerrigan, CEO at online broker, said: “UK property prices continue to increase, but growth has slowed significantly as many would argue it needs to. The continuing undersupply of property, the increased desire for space and the growth in home working are all stubbornly driving this continued growth against tough economic conditions pushing in the other direction.

“Increased mortgage costs, rising household bills and concerns over the ongoing impact of the war in Ukraine and geo-political tensions will undoubtedly continue to cool the market. The question – How quickly and dramatically will the market slow or will it stall or indeed fall? All eyes on the Bank of England’s MPC which need to tread a very careful line.”

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