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          UK House Price Index paints stable picture of residential sector

          Melanie Williams, head of the real estate sector at global legal business DWF, comments on the ONS UK House Price Index figures for April.

          Date: 19/06/2019

          Melanie Williams says:

          "The figures released today reveal that UK house prices rose by 1.4% in the year to April 2019, (down from 1.6% in the year to March 2019) with prices rising fastest in Wales, with a strong 6.7% increase.

          "The relatively low movement in the index from March to April demonstrates continued stability in the residential market, thanks to there being no real changes in the levers which typically impact the sector. Lenders continue to offer low mortgage rates, developers are maintaining a steady housing supply and buyers remain confident, despite the on-going political uncertainty.

          "It will be interesting to see what happens as the country moves towards the next Brexit deadline later this year."

          Related people

          Melanie Williams

          • Partner // Head of Real Estate Sector // Head of Hospitality Group