UK Landlord Forum / Life

London's property market has got off to a surprisingly upbeat start to the year with buyers returning in numbers after the turmoil of last autumn.

Estate agents said today last month's interest rate cut and City bonuses being down only around 10 per cent on the previous year's record has breathed new life into a market that was in danger of falling into a slump.

If the Bank of England decides tomorrow to lower the cost of borrowing further - as expected by many City economists - it will help the revival.

Source: http://www.thisislondon.co.uk/standard/article-23431441-details/Property+slump+House+prices+in+London+just+keep+going+up/article.do

OH No!!! What will they talk about on HMC!! Sure they will put some twist on it

Nah, they probably won't put a spin on it, they'll probably say, "hahaha the journalist is on crack"

Hello there,

The latest official figures shows that rising house prices in London continued to drive the annual rate of property inflation in June, with the capital recording a 6.5% increase over 12 months. According to the land index, the average price of a property in London is now £392,000, more than £100,000 higher than the rest of the UK. Even the average cost of renting flats in central prime locations has been increasing tremendously for e.g. the average properties to rent in Pimlico start at £580 per week.