Property industry reacts to Nationwide House Price Index

The property industry reacts to the publication of the latest Nationwide House Price Index as the latest house price data reveals key findings.

Matt Thompson, head of sales at Chestertons, said: “In January, the property market saw particularly high demand from first-time buyers who were motivated to beat April’s stamp duty deadline. This spike in buyer activity led to the majority of properties exchange hands for the asking price although some sellers, especially those in a rush to sell, agreed to enter price negotiations. As there is still time to benefit from the current stamp duty threshold, we expect more first-time buyers to enter the market over the coming weeks.”

This story is being updated. 

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