Property News

Tuesday, May 08, 2007

Property prices still on the rise in London

The latest data from Haart estate agents reveals that the average London house price increased again in April, rising 0.6% to £264,636 up from £262,989 in March.

The rise is the ninth consecutive monthly increase. The number of properties entering the market is up 20% on last month. Paul Smith, chief executive of Haart commented: “Confidence in the market remains high despite expectations of a further interest rate rise at the beginning of May. With increasing numbers of sellers putting their property on the market to beat the introduction of Home Information Packs on 1 June, the supply and demand imbalance has been slightly addressed, giving buyers more choice."


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