Liquid error: wrong number of arguments (2 for 1) Boom brings era of the 2m family home | Marsh & Parsons Sales and Lettings Estate Agents London

Blogs, Press & Media

Boom brings era of the 2m family home

Mon 28 Apr 2014

Boom brings era of the 2m family home

The average home in 'prime' areas of London will cost more than "3million by the end of next year, a report predicts today.

'Jackpot prices are fast becoming the norm [in the capital],' says the research by a leading estate agency.

Prime London is not just the most exclusive areas such as Chelsea and Notting Hill, but also includes places such as Barnes, Balham and Clapham.

House prices in many parts of the capital have jumped by more than a quarter over the last year. The average home in prime London is ow worth 1.5million.

The report says it will 'exceed 2million by the end of next year'. If prices keep rising at the current pace of 4.3 per cent every three months.

Peter Rollings of Marsh & Parsons, which carried out the research, said 'Smart buyers can earn more money from their house in a year than by going to work in a very well paid job.'

A seperate report found the number of first-time buyers crippled by negative equity - where their mortgage is larger than the value of their home - has fallen sharply around the country.

Of the 364,000 who bought for the first time in 2007, when prices peaked, just 22,000 remain in negative equity, said property firm Countrywide.

Contact our office

Close

Contact our Lettings team

Close

Contact our Selling team

Close

Contact our About us team

Close

Contact our Corporate Services team

Close

Contact our International team

Close

Contact our Land and New Homes team

Close

Contact our Professional Valuations team

Close

Contact our Professional Services team

Close

Contact our Property Management team

Close

Contact our Riverside Properties team

Close

Contact our Career team

Close

Contact our office

Close

Request a viewing

Close

 

Close

Share this with a friend

Close