Peter Rolling commenting following this mornings mortgage approval figures from the BBA
Tue 23 Feb 2010
"Mortgage approvals fell harder than expected in January. With much of the UK snowed in, the number of property viewings plummeted in many parts of the country, which severely impacted activity levels. But in London it was a very different story. Demand from buyers was particularly strong early in the New Year and - in spite of the bad weather - diaries for viewings were unusually busy. In many cases, those with snow days or working from home made the most of the opportunity to go house-hunting locally.
"Nationally, seasonal factors and the end of the stamp duty holiday - have taken their toll on the property market in the early stages of 2010. What is encouraging is that the health of the London market continues to improve with plentiful keen buyers and increasing numbers of sellers and our expectation is that this will be the driving force behind recovery in the wider property market."
For further information please contact:
The Wriglesworth Consultancy
Tom Urpeth / James Staunton
0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 14 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.
Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.