Central London property prices 'to rise'
Pre-credit crunch property prices could be seen in London again by as early as next year, one sector commentator has asserted.
Naomi Heaton, chief executive officer at London Central Portfolio, said house prices are only likely to continue to increase.
"Even if there are peaks and troughs, even if there is a double dip next year, prices in Central London will [in the] long-term go up and our view is we will see pre-credit crunch prices by 2010," she explained.
Ms Heaton continued that Central London will "inevitably" be affected if there is another financial crisis but that the capital was typically robust.
However, while she advised that winter was the best time to snap up a home, there is currently little stock on the market.
Such comments may prompt Britons to look for flats to rent in Shoreditch while they wait for a suitable purchase to come to market.
Primelocation.com recently reported the average prime platinum property in London stood at £1,635,720 in December 2009.
Written by Martyn Glynn
Published 22nd December, 2009
© 2009 Estates IT Limited
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