19
Jun
Prime London property asking prices up
The asking prices for prime London property increased in May,
according to the latest research.
Primelocation.com reported that the average asking price for this
type of home in the capital went up 0.27 per cent on April's
figure.
This inflated the desired cost of the average prime London property
by £3,591, the company stated.
Andrew Smith, Primelocation.com's head of research, said that this
area of the housing market has seen values increase in five out of
the last six months.
"Prices over the month rose in three of London's five sub-regions.
North-west London (1.48 per cent) and south-west London (0.99 per
cent) recorded the largest price rises," he explained.
Mr Smith also suggested that the prime market will be stimulated by
landlords putting their prime rental properties on the market "in
expectation of interest from cash-rich investors and genuine buyers
with finance in place".
Indeed, Smartlandlord.co.uk managing director Keshav Thukaram
recently advised landlords that there a number of bargains to be
found on the current market.
