Property prices 'continuing to rise'
Despite a modest increase in the number of properties coming up for sale, little effect has been had on the market as prices continue to rise, a new report has found.
The Royal Institution of Chartered Surveyor' UK Housing Market survey has found that 28 per cent more surveyors claim enquiries from potential purchasers are rising rather than falling.
This is the sixth consecutive month of growth noted in the report.
Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, said the main reason driving increases in house prices is that property supply is failing to keep pace with consumer demand.
"The squeeze that was evident in the market earlier in the year, the imbalance between supply and demand is still there," he added.
Such news may convince Britons that it is better to look for flats to rent in Kensington or another part of London while prices remain high and choice is limited.
Written by Charles Mackay
Published 17th December, 2009
© 2009 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
A lack of supply to meet the current demand for housing is pushing up prices, it has been revealed - which may mean Britons wish to consider flats to rent in London instead.