Asking prices for prime London homes increase
There has been a rise in the average asking price for prime property in London, according to new data.
Primelocation.com has found that people selling this type of home requested 0.27 per cent more in May, when compared with the previous month.
This represented a rise in value of £3,591 and was the fifth such increase in the last six months.
Indeed, it comes after the Royal Institution of Chartered Surveyors published research earlier this week that the gap between asking and selling prices throughout the UK has narrowed and will do so further in the coming months.
Andrew Smith, Primelocation.com's head of research, said: "[Prime property] prices over the month rose in three of London's five sub-regions. North-west London (1.48 per cent) and south-west London (0.99 per cent) recorded the largest price rises."
He also predicted that landlords with prime property will soon put their homes on the market "in expectation of interest from cash-rich investors and genuine buyers with finance in place".
Mortgages for professionals provides expert mortgage advice and is committed to represent the borrower not the lender on over 30,000 mortgage products for high earning clients.
Primelocation.com has found that people selling this type of home requested 0.27 per cent more in May, when compared with the previous month.
This represented a rise in value of £3,591 and was the fifth such increase in the last six months.
Indeed, it comes after the Royal Institution of Chartered Surveyors published research earlier this week that the gap between asking and selling prices throughout the UK has narrowed and will do so further in the coming months.
Andrew Smith, Primelocation.com's head of research, said: "[Prime property] prices over the month rose in three of London's five sub-regions. North-west London (1.48 per cent) and south-west London (0.99 per cent) recorded the largest price rises."
He also predicted that landlords with prime property will soon put their homes on the market "in expectation of interest from cash-rich investors and genuine buyers with finance in place".
Mortgages for professionals provides expert mortgage advice and is committed to represent the borrower not the lender on over 30,000 mortgage products for high earning clients.
