Another sharp rise in house prices this month

Jan Crosby comments on latest Halifax House Price Index

Jan Crosby comments on latest Halifax House Price Index

Commenting on the Halifax House Price Index, Jan Crosby, UK head of infrastructure, building and construction at KPMG said:

“The demand for housing continues to outstrip supply, which is underpinning house prices leading to another sharp rise this month. This is due to a combination of houses selling very quickly and the global supply chain issues with building supplies, which have existed for some time, now being exacerbated by lorry driver shortages. 

“Developers can’t build quickly enough to sell into the strong market - particularly for family housing with outdoor space. There are some tentative signs that sourcing building materials is becoming more straightforward, but lead times can still be very long. Labour availability and wage inflation is now also on the sector’s radar.

“Not only is more housing needed to meet demand, but the focus should be on delivering sustainable, affordable housing.”



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KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

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