Peter Rollings commenting following this morning’s house price figures from the Land Registry and Nationwide
Friday, 29 January 2010
"House prices in London continue to rise at a faster pace than the rest of the UK. But, while there’s little evidence of a seasonal slowdown in the capital, house prices are likely to grow at a more moderate, sustainable rate in the next few months, as the supply of homes for sale catches up with strong buyer demand. The number of homes being put on the market for sale is rising significantly and in January, we’ve seen a 67% increase in the number of property valuations carried out compared to twelve months ago, which means more homeowners are considering selling. We expect the London sales market to be replenished with stock in the remainder of the first quarter.
He adds: “Economic uncertainty persists, but confidence is key – and in the London property market at least, optimism is growing amongst buyers and homeowners alike."
-ENDS -
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The Wriglesworth Consultancy Tom Urpeth / James Staunton 0207 427 1400
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