Liquid error: wrong number of arguments (2 for 1) Peter Rollings commenting on this mornings house price figures from the Land Registry and Nationwide | Marsh & Parsons Sales and Lettings Estate Agents London

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Peter Rollings commenting on this mornings house price figures from the Land Registry and Nationwide

Fri 26 Feb 2010

"The London property market is worlds apart from the wider UK market at present. Strong house price growth continues unabated in the capital and theres been no easing in demand from house-hunters which is falling in many parts of the country, as buyers are discouraged by the real struggle to obtain mortgage finance. The bad weather led to a drop in prices nationally in February, Nationwide claims, but in London we simply didnt see buyers being deterred by the freezing conditions in fact, diaries for viewings were chock full.

"Rapidly rising house prices are now tempting more London homeowners to put their homes up for sale and we expect this to have an impact on house price growth in the next few months. As levels of supply move closer in line with strong buyer demand, prices will begin to rise at a more restrained, sustainable pace. Whether or not this healthy rate of recovery will be reflected in the UK housing market remains to be seen."

-ENDS -


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.

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