Peter Rollings' response to Hometrack's House Price Survey
Sun 26 May 2013
"Todays figures show the London property market continuing to operate in its own microclimate, driving growth in UK house prices overall with consistently strong price increases. The figures demonstrate the huge demand for London property with properties are selling at twice the speed of the rest of the UK. We expect this to increase even further both overseas and domestic buyers strive in competition for the best properties.
"We find at least 98% of the asking price is generally achieved on Prime London properties, and in excess of the asking price in very high-demand areas such as South and South West London. There is a general feel of optimism in the air with wider signs of economic recovery showing strong indicators of future growth prospects."