Peter Rollings commenting on todays figures from the Land Registry
Fri 29 Aug 2008
"Its not wonder prices in London are rebounding. The capital has had a lot of bad news over the last six months. But the drops in London have been very steep. Essetnailly the capitals property market reacted very quickly to the changing market conditions and correcting far faster. The worst of the pain is over.
But the price rises are not uniform. For instance, while theres still a good market for prime properties in Kensington and Chelsea - where prices have risen 11.9% in the last year - its less good at the other end of the spectrum.
With the London market back on the up, this is a good time to be buying in the capital - there are some very good buys out there at the moment."