The London property market long described as an international market, is without a doubt leading the way, in the UK property market comeback. Recent data suggest that a staggering 79% of surveyors have seen prices increase over the past 3 months in the capital. Many commentators are now suggesting that London may have seen the last of its house price falls.
The London property market has long been used as an indicator for the future of the rest of the UK property market. The ripple effect as it is know, has usually proved that when property prices rise in the capital, the rest of the UK follows the same pattern.
Some property professionals are predicting rises of up to 40% in the price of London property in the next four years. One thing’s for sure many professional developers and investors will be watching the market closely and deciding to buy sooner rather than later.