Video blog: London bouncing back!
Thu 17 Sep 2009
Welcome to the latest Marsh & Parsons video blog giving an overview of the summer market and going forward, an insight into how we see the re-growth of the London property market over the next few months.
To summarise; market activity has picked up considerably, with double the amount of buyers registering in August compared to the same period last year (over 1,000!). Contrary to popular belief, there is actually plenty of cash around, with owners and investors alike looking to put their money back into property. Mortgage lending is starting to gain momentum, although there is still a long way to go, and this is helping the first-time buyer end of the market. Although stock is still a problem, were seeing a firm bounce back of the London property market which, barring any nasty surprises, we anticipate continuing for the remainder of this year and into 2010.
Click here to view the video and please feel free to give your opinions on this page. Happy viewing!
Click here for the video transcript.