Property transactions on the up in London
The number of property transactions in the prime London market has increased by 234 per cent in the past year, according to new figures.
Figures by Knight Frank reveal that prime property values increased in August for the fifth consecutive month and that prices are now 6.4 per cent higher than in March.
In light of this it could be said that house hunters in the capital may find property to rent in Notting Hill or other parts of the city is a more affordable option.
Jeremy Way, director at Hirch Way and Ambler, said that there is a "real pick-up of interest" for high-end Properties in London and a similar situation can be expected soon in surrounding areas.
"We have just had the best month we have had for three years and that was boosted by sales of high-end properties - there is no question about that. There is a real pick-up of interest here," he added.
Written by Ben Carter
Published 3rd September, 2009
© 2009 Estates IT Limited
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