London property prices 'will rise'
The property price increases seen in London and the Home Counties will "inevitably" lead to a recovery in the northern housing market "sooner or later", it has been claimed.
James Wrightson, marketing manager at iammoving.com, said that such news could mean that the UK housing market starts to grow more healthily again.
However, he added: "Homeowners will undoubtedly remain wary, and those with the most to lose are right to be cautious when looking to move home."
With this in mind, property to rent in Islington and other parts of London may be a more affordable living option than buying a new home, particularly if prices in the capital continue to rise.
Exclusive Savills research for the Sunday Times recently revealed that property prices rose by 9.7 per cent since March in Hampshire and have also increased in Berkshire, Essex, west Sussex, Cambridgeshire and Kent.
Furthermore, London city centre properties have increased by 8.5 per cent in value.
Written by Martyn Glynn
Published 7th October, 2009
© 2009 Estates IT Limited
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Property prices in London and the rest of the south will rise, according to one sector commentator, which could mean people living in those areas may wish to rent instead of buy.