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
A new 24,000-home regeneration scheme is underway in Hammersmith & Fulham, according to new findings.
Read Article ... Published on 21st July, 2014
Beckton is an urban district located in East London. It is part of the borough of Newham. It has often received a bad reputation over the years, due to its reputation for anti-social behaviour and crime.
Read Article ... Published on 18th July, 2014
Over £310 million has been pumped into a regeneration project in Camberley, Surrey it has been revealed.
Read Article ... Published on 17th July, 2014
An affordable housing scheme is underway in Tottenham and was recently launched by MP David Lammy.
Read Article ... Published on 16th July, 2014
Multi-million pound regeneration plans are set to breathe new life into Surrey, it has been revealed.
Read Article ... Published on 15th July, 2014
Hackney Council has outlined plans to build hundreds of new homes across the borough it has been revealed.
Read Article ... Published on 10th July, 2014
Mortgages are becoming more and more unaffordable for Londoners, according to new findings. A report published by Nationwide revealed that all regions in the UK saw annual price rises in the second quarter of this year.
Read Article ... Published on 8th July, 2014
Work is set to begin on a housing development in Sutton, after being given the go-ahead by the council, it has been revealed.
Read Article ... Published on 7th July, 2014
Local authorities across London are drawing up plans to make renting more affordable for residents, it has been revealed.
Read Article ... Published on 3rd July, 2014