Peter Rollings commenting in response to the latest figures from Halifax
Mon 09 May 2011
"In London, the story is very different. Weve seen some of our busiest months since 2007 this year, and are in the middle of another surge of activity following the long weekends at the end of last month. House prices have already risen 5% this year, and we anticipate further rises through the year as competition for good quality stock continues to heat up. In some parts of London, more than 20 buyers registering for every property placed on the market. Wealthy cash buyers and those with a substantial deposit, unaffected by the current mortgage famine, see the capitals bricks and mortar as a sound investment. With the City showing signs of revival, and London set to retain its appeal to international buyers especially after the spectacular global PR it received from the Royal wedding, its housing market should go from strength to strength in the long-term."