Peter Rollings responding to the latest Land Registry data
Fri 28 Jun 2013
"The London property market continues to surge ahead at its own pace, with price increases that are simply unparalleled in the rest of the UK. Property in London continues to represent a superb investment opportunity, and with average returns of 0.7% in a single month, its no surprise that so many UK and overseas buyers are piling their cash into London property to safeguard their wealth during the current economic climate.
"A 5% growth does not constitute a bubble, and any suggestion that the London property market may be topping out are wide of the mark. Bolstered by Government initiatives and the rapidly improving availability of mortgages, demand for prime London property remains consistently high at Marsh & Parsons weve experienced a 9% increase in the number of buyers registering compared to last month. The limited supply of quality homes in prime locations ensures that properties are selling quickly and for close to or sometimes above the asking price. Price increases are also rippling out from the centre, with parts of south and south west London experiencing particularly high growth."