Expectations for London house price growth rebounds to highest level in six months

Written on 20 October 2014 by Alistair Boscawen in Property News, Sales Market

Consumer confidence is back as figures show increasing faith that house prices will rise.

LondonExpectations for an increase in house prices in the UK capital soared again in October – to their highest level in six months.  

Economic growth plus a potential delay in interest rate rises, as well as the fact that the Liberal Democrats have distanced themselves from the mansion tax are factors that could have contributed to this confidence. However, price growth overall remained lower than the record high in May.

Data showed that around 6.2 percent of UK households plan to buy a property in the next year and that mortgage borrowers were the most positive that prices would rise over the following year.  

This is good news – and shows that despite the announcement of a mansion tax by Labour leader Ed Miliband at his party conference, faith in the London property market has not abated. We believe that bricks and mortar in prime London is a safe place for your money and a great long-term investment – plus of course a fabulous home!

For more information click on the link below:

International Business Times

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen


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