Peter Rollings responding to the ONS's House Price Index
Mon 15 Apr 2013
"The ONS show a 5.9% year-on-year increases for London but this does not tell the whole story. Our latest figures for prime property in the capital show that prices are up by nearly 13% from this time last year. Its clear that London is driving the residential property sector due in large part to a shortage of homes on the market. There is some evidence that the tax polices of the government are putting a break on foreign investment but we dont see this as a hindrance to the flourishing London market.
"With Spring finally here we believe sellers can achieve realistic asking prices and good property coming onto the market is selling relatively quickly."