Peter Rollings responding to January's Land Registry figures
Thu 28 Feb 2013
"These figures confirm what we have been saying for some time, that London is an unique market within the UK and is rising at more than an average of 7% year-on-year," said Peter Rollings, CEO of Marsh & Parsons. "The monthly change was a positive 2.5% and we see this trend continuing.
"Despite some constraints those who can secure mortgage lending are doing so at historically low rates and the Funding for Lending Scheme is filtering through to first time buyers.
"There is optimism in the market place which may not be reflected by some economic commentators who are not at the coal-face. Spring is around the corner and we believe it will provide a further positive boost to the thriving London property market."