Increases In London Property Prices Reasonable

 

Property industry experts Knight Frank have suggested that the projected increases in UK house prices are reasonable.

The comments come following the release of reports that London property has seen an increase in prices of 0.9% in August of this year, a figure that sees annual growth at 10.5%.

This figure is a 36.3% increase on the post economic down turn low that was seen in March’s recordings of 2009, reaching a now record high that tops that recorded in March last year.

Naomi Heaton, a London property expert, stated that it is integral to put Knight Frank’s findings into context, who points out that the recorded increases of 36% simply off set the dramatic drop in prices that were seen after the credit crunch took hold.

She further noted, with use of HM Land Registry’s figures concerning houses in central London, that growth of 33%, in light of the original fall of 31%, sets current house prices alongside those of the price peak in spring 2008.

She further explained "We believe it is entirely realistic to expect price growth to continue. Our opinion has always been that the market had not over-inflated prior to the credit crunch, but was in line with long-term growth projections following a slow start to the millennium." ADNFCR-1286-ID-800717871-ADNFCR


<--- return to news section

property agency training - property practice course

 

4 Everything Property4 Everything Property - UK Property Directory

4 Everything Property is a UK property directory bringing you the latest property news and resources. Register now for FREE newsletters and updates. Plus, if you are a property agent or property industry service provider you can also advertise in the directory for FREE.

 

© 2005-2012 Property Agency Training - Design by The Business Ladder (UK) Limited | Legal Information | Site Map