Peter Rollings commenting on house price figures from Land Registry
Tue 01 Jun 2010
"London property prices continue to lead the pack in the UK, and in some prime areas of the capital - such as Kensington and Chelsea - prices are well over 20% higher than a year ago. Demand for good quality homes in London remains incredibly strong and has been the driving force for prices for well over a year. The good news for the market is that the supply of homes for sale is beginning to match the level of demand from buyers. The scrapping of HIPs has led to a surge of properties coming onto the market and the number of valuations carried out has increased dramatically since the HIPs announcement, which will lead to even more stock filtering into the sales market. A healthy balance between supply and demand is key to sustainable, long term recovery in the housing 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.