| Industry News |
|
| News » Residential Property Law » London price rise may bolster property lawyer demand |
|
30/07/2009
London price rise may bolster property lawyer demand |
|
London house prices rose by two per cent in June, new data from the Land Registry has revealed.
The average cost of a home in the capital edged up back past the £300,000 mark, with the increase being greater than that of any other region of England and Wales, increasing from £295,325 to £301,859.
Overall, the national figure saw a 0.1 per cent rise, the first increase seen in over a year.
The Land Registry said that the latest figures indicated that the market is "flattening", which may encourage those seeking to buy a house in London to see a property lawyer as the prospects of price falls in the months ahead appear to be receding.
Property experts CB Richard Ellis also said the market is bottoming out this week, saying it has hit a "trough" and suggesting prices will "fluctuate" around the current level for the next few months.
Written by Pauline Adams
 |
| |
| Related Articles |
13/01/2010
Residential property prices show new rise
The price of residential property in the UK has continued to increase, according to new figures from the Department for Communities and Local Government (DCLG).
|
06/01/2010
Prime property supply 'set to rise'
The supply of prime properties is set to increase after the general election this year, it has been predicted.
|
04/01/2010
Opportunities to invest in new build properties 'to rise'
Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
|
31/12/2009
London property investment demonstrates resilience
The residential property sector in London has demonstrated greater resilience compared with other regions over the course of the past 12 months, Land Registry figures have revealed.
|
30/12/2009
Mortgage market competition 'to increase'
Those investing in property will be able to enjoy an easing of finance in the property market in 2010, it has been predicted.
|
News Archive