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Asking prices continue to rise in central London
Figures from Primelocation.com show Prime London asking prices up a whisker off a per cent in February, the fourth successive monthly rise. In west/south west London, the figure was an extraordinarily bullish 2.84%. Remarkable, in central London, there's still positive annual growth (3.24%). Obviously, there are asking prices and their are achieved prices, and they're two different things. But the accompanying comment is clearly written from the perspective that one is a reflection of the other, and looks to low interest rates and the (connected) weak pound to suggest foreign money is helping prop up the specialist London market. Things look quite different in the lettings sector, with an eleventh monthly fall in rental rates in prime London, leaving rates 13.72% down on this time last year. Read the report here.
Technorati Tags: London, property, real estate Comments
We are clearly still in uncertain times. The fluctuation in prices and the daily change means we are still ever hopeful. We introduced HouseRefer into the website community as a way of helping the market. We just hope people use the free service we provide to sell their property while they can. Our service is FREE and there are no catches. You don't pay a penny, not even to register! www.houserefer.com
Posted by M McCormack at
March 22, 2009 11:13 PM
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Hi there,
I think people with the money are trying to snap up bargains at the moment. There are still investment opportunities out there.
http://www.propertybanker.co.uk
Posted by Property Banker at
March 23, 2009 3:23 PM
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There will always be oddities even in the most general of trends. London has been a very established market for many years, and as a capital city it is no real surprise the prices are bucking the trend. Still not enough to rush out and buy though!.
http://investmentpropertyrumours.blogspot.com/
Posted by Investment Property Rumours at
March 24, 2009 9:49 AM
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The Buy to Let people must be laughing all the way to the Bank with the current state of affairs. Everyone said they would be the first to suffer. However with lower interest rates on their mortgages and rents still at the high rates experienced before the collapse in the housing market and possibly rising, they have now profited from the inept handling of the economy by Labour.
http://www.ipbre.com
Posted by property at
April 6, 2009 9:25 AM
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