Peter Rollings commenting on this morning's Land Registry figures
"London is leading the property market recovery and house price growth is far outstripping the rest of the UK. There’s strong competition in the London market from buyers with large deposits looking to take advantage of prices that are, in some cases, still 20% lower than a year ago in certain parts of the capital. The London market has helped put a shine on the national house price picture. However, as we’ve said before, there is not just one ‘national property market’ and outside of the capital, we won’t see the same rate of recovery – the market is bumping along the bottom and will continue to do so until the end of the year."
For further information please contact:
The Wriglesworth Consultancy, James Staunton / Tom Urpeth, 0207 427 1400
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