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
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
It has been predicted that central London property prices will continue to rise in the next few months.