London property prices on the up
Central London property prices are set to increase further in the coming months, which may be good news for high earners with mortgages for professionals in the capital.
According to the chief executive at property group London Central Portfolio, Naomi Heaton, the market "will undoubtedly start to tick back up".
Growing prices will be welcomed by those who own property, but people looking to buy are apparently concerned that they will miss out on the bottom of the market due to acting too slowly.
Ms Heaton commented: "A 20 per cent discount to peak prices can only be realised and consolidated with a successful transaction.
"Those entering the market in recent months have been ahead of trend and it often transpires that the early bird gets the worm."
Knight Frank recently reported that the average value of prime central London property prices went up by 1.6 per cent in May 2009 - the second consecutive monthly rise.
A 0.4 per cent hike in housing costs was recorded during the previous month.
To book your free initial consultation with mortgages for professionals click here.
According to the chief executive at property group London Central Portfolio, Naomi Heaton, the market "will undoubtedly start to tick back up".
Growing prices will be welcomed by those who own property, but people looking to buy are apparently concerned that they will miss out on the bottom of the market due to acting too slowly.
Ms Heaton commented: "A 20 per cent discount to peak prices can only be realised and consolidated with a successful transaction.
"Those entering the market in recent months have been ahead of trend and it often transpires that the early bird gets the worm."
Knight Frank recently reported that the average value of prime central London property prices went up by 1.6 per cent in May 2009 - the second consecutive monthly rise.
A 0.4 per cent hike in housing costs was recorded during the previous month.
To book your free initial consultation with mortgages for professionals click here.
