Property prices 'continuing to rise'
Despite a modest increase in the number of properties coming up for sale, little effect has been had on the market as prices continue to rise, a new report has found.
The Royal Institution of Chartered Surveyor' UK Housing Market survey has found that 28 per cent more surveyors claim enquiries from potential purchasers are rising rather than falling.
This is the sixth consecutive month of growth noted in the report.
Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, said the main reason driving increases in house prices is that property supply is failing to keep pace with consumer demand.
"The squeeze that was evident in the market earlier in the year, the imbalance between supply and demand is still there," he added.
Such news may convince Britons that it is better to look for flats to rent in Kensington or another part of London while prices remain high and choice is limited.
Written by Charles Mackay
Published 17th December, 2009
© 2009 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Community heroes get Hammersmith & Fulham recognition
Unsung heroes residing in the London borough of Hammersmith and Fulham yesterday (May 15th) received their deserved recognition at a special celebration last night to honour special contributions to the community.
Read Article ... Published on 16th May, 2013
Ealing encourages apprenticeships with new scheme
Ealing council is taking a step towards helping local young people in need of a job throughout the London borough, with the advent of a new programme that will see local businesses encouraged to hire young people as part of its apprenticeship scheme.
Read Article ... Published on 15th May, 2013
Greenwich to host Tall Ships Regatta 2014
The Royal borough of Greenwich has this Sunday (May 12th) signed an agreement that will see the district play host to the first Tall Ships event in 25 years.
Read Article ... Published on 14th May, 2013
Knightsbridge: For luxurious living
Living in Knightsbridge offers luxurious living at its best. Despite humble origins, the district has become reputable for two things - firstly for being one of the two international epicentres of London (the other being the West End). And secondly, its array of affluent department stores including Harrods, Harvey Nichols and the plethora of elegant stores in Sloane Square and Beauchamp Place, have made it the envy of the world when it comes to shopping.
Read Article ... Published on 13th May, 2013
New Islington mayor promises fairer borough
The newly appointed mayor of Islington has pledged that the area will become a "fairer" place for all residents under his watchful eye.
Read Article ... Published on 10th May, 2013
Hammersmith housing project announced
People residing in the London borough of Hammersmith and Fulham could soon be seeing a lot of new faces around their local area, with the council having just approved one of the most ambitious housing projects in history for the district.
Read Article ... Published on 9th May, 2013
Hackney youth encouraged to kick the smoking habit
Councillors of the London borough of Hackney have come up with a novel and creative way to get young people in the district to stop smoking - by asking young people to explore the subject on a local level by means of a two minute film.
Read Article ... Published on 8th May, 2013
Holland Park: Absolutely Fabulous living
If you prefer rural living with all its trees and lakes to London's urban 24-hour lightshow, then you're unlikely to be pleased with much of what the capital has to offer. However, for those wishing easy access to the centre of town and a quieter lifestyle, there is Holland Park.
Read Article ... Published on 7th May, 2013
Twickenham Alive festival garners praise
Twickenham Alive, the first film festival to be held in the London borough of Richmond, received a storm of acclaim last week, attracting 400 viewers and more than 100 entries for the 11 film categories.
Read Article ... Published on 3rd May, 2013
Shad Thames: Take a walk on the riverside
As Lou Reed famously said, 'Take a walk on the riverside'. All right, we might have misheard the lyrics to that song here at Estates IT. But if you happen to be in the market for a location close to the riverside, then boy have we got a location for you.
Read Article ... Published on 30th April, 2013
A lack of supply to meet the current demand for housing is pushing up prices, it has been revealed - which may mean Britons wish to consider flats to rent in London instead.