Press Room
London Property Prices Continue To Lead The Pack In The Uk
Peter Rollings managing director of estate agent Marsh & Parsons, said:
“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.”
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Notes for Editors:
Article date: 6/1/2010 12:00:00 AM