Market to look healthy in coming months

Market to look healthy in coming months

The London property market will continue to look healthy for the next couple of months.

According to Liam Bailey, head of residential research at Knight Frank, the spring months tend to show strong demand because this is when many people start looking for new homes, but this year may not see the beginning of any surge in demand.

"I don't think the economic conditions are right at the moment for a big up-tick in sales volume."

Mr Bailey also noted that the property market is unlikely to record price falls in the coming months.

"House prices in the UK are still not far off their peak level. They are at a fairly high level at the current time, so I think it is unlikely to see an increase in demand translating into big price growth," he added.

Meanwhile, research from Rightmove revealed that the proportion of people expecting London house prices and those in other parts of the country to fall over the next year has fallen from a third to 24.9 per cent this quarter.

London Property Market News
 
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