Peter Rollings commenting in response to the latest RICS Housing Market Survey
"London led the UK’s house price recovery and, even as other regions have bounced back, prices in the capital have continued rising at the quickest pace. The imbalance of buoyant demand from buyers and a severe shortage of properties for sale fuelled house price growth in London. But a different scenario is now emerging. We’ve recently seen a surge of sellers putting their homes on the market - and increased supply is tipping the scales yet again. Narrowing the gulf between supply and demand won’t result in a dramatic fall-off in house prices, but it will lead to more sustainable levels of growth in the next few months."
-ENDS -
For further information please contact:
The Wriglesworth Consultancy James Staunton / Tom Urpeth 0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 14 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.
Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.
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