Flats to rent 'may be appealing as house price growth halts'
One expert claims sustainable house price growth is still a long way off for people in the UK, which may encourage them to look at flats to rent in the London borough of Newham.
Hugh Best, head of investment management at London Central Portfolio, said there are key factors affecting the property market.
Similarly, growth has slowed in the capital and this is unlikely to turn around in the "imminent future".
He said the current situation is a response to the "rapid recovery in prices following the credit crunch and will represent a temporary stay until the market returns to its long-term growth trends".
Until flexibility of lending and economic recovery are achieved, it is "unlikely" this situation will be resolved, the expert continued.
Mr Best also pointed out that the government has revised down its economic growth forecasts, while banks are holding on to lower loan-to-value ratios.
His comments come after Rightmove revealed house prices fell by 1.1 per cent in September.
Posted by Martyn Glynn
Published 20th September, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
One expert says house prices will not improve until the economy looks in better shape.