Central London property prices 'to increase'

Central London property prices 'to increase'House prices in Central London are set to increase over the coming months, according to the chief executive at London Central Portfolio, a property firm based in the capital.

This suggestion from Naomi Heaton comes soon after Knight Frank released research saying that prime Central London bricks and mortar inflated in value by 1.6 per cent in May and by 0.4 per cent the month before.

People finding it difficult to afford to buy a home in London may find that property to rent in Islington or flats to rent in Kensington are more suitable for their budgets.

Ms Heaton said that with the market as it is, homeowners and property investors alike are worried that they are going to miss out on buying any remaining lower-priced properties by holding out too long.

"Those entering the market in recent months have been ahead of trend and it often transpires that the early bird gets the worm," she explained.

She added that the market "will undoubtedly" start moving in an upward trajectory in the coming months.

Written by Chris Price

Published 26th June, 2009

© 2009 Estates IT Limited

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