House prices 'still rising'
House prices increased by 0.6 per cent in October when compared to the previous month's figures, new research has revealed.
According to the Land Registry, this was the fifth consecutive month when movement has been above the threshold of zero per cent.
And while over the past 12 months, property prices in England and Wales have fallen overall, signs that the housing market is recovering may make it more difficult for first-time buyers to purchase a property, with the average house price now standing at £159,546.
With this in mind, people may wish to look for flats to rent in Hammersmith or another part of London, rather than buying a property, as this is likely to be a cheaper option, particularly as house prices are typically higher on average in the capital than across the rest of the UK.
Taking on a mortgage could also lead to added stress for consumers, with CreditExpert recently revealing that many people are now suffering from stress-related conditions brought on by monetary worries.
Written by Andy Britten
Published 27th November, 2009
© 2009 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
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
UK house prices are continuing to rise, new research has revealed, which may mean that it is more affordable to find property to rent in London, rather than taking on a mortgage.