London property price rises 'set to continue'
Recent increases seen in central London property prices are set to continue in 2010, it has been claimed.
Naomi Heaton, chief executive of London Central Portfolio, said the residential housing market in the centre of London began its recovery in the second quarter of 2009 and this trend looks to be continuing into the new year.
She explained the low cost of the pound, teamed with cheap debt and the capital's increasing appeal will fuel this recovery.
"If prices follow long-term trends and double again by 2016 this would represent, on average, annual growth of 11.5 per cent with the value of all property - flats and houses - being £1.25 million by 2012 when London hosts the Olympics," Ms Heaton stated.
With property prices rising in the capital, Britons may wish to consider flats to rent in Fulham as a more affordable option than buying.
Meanwhile, Zoopla.co.uk recently reported 81 per cent of homeowners believe UK property values will rise over the next six months.
Written by Martyn Glynn
Published 8th January, 2010
© 2010 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
Increases seen recently in the cost of houses in the centre of the capital look set to continue to rise, it has been claimed, which may prompt residents to consider flats to rent in London as a more affordable option.