Comment on ONS' HPI for July 2015
Mon 14 Sep 2015
Peter Rollings, CEO of Marsh & Parsons, comments: "London usually leads the charge in terms of UK house price growth, but its been kicked into touch for a few months now by improvements in the East and the South East. Nevertheless, property values in the capital are steadily gaining ground and are comfortably above where they were last summer when 2014s energetic first half started running out of steam.
"However, the property market in London has evaded a number of challenges such as the threat of Mansion Tax and coming to terms with the Stamp Duty reforms in the last year and emerged all the stronger for it. It remains a top destination for buyers and investors alike, and will shortly revel in the global spotlight afforded it by the Rugby World Cup kicking off later this week. Almost half a million visitors are expected to come to London during the six-week tournament, placing it in to the international shop window once again."