Musings of a London Property Search Agent

The latest statistical release from the Land Registry shows that London house prices rose 0.79% in May which equates to an increase in value of £2,808 - barely enough to cover legal fees on a purchase and sale.

Nine months on from the beginning of the credit crunch, most would-be vendors are refusing to budge on price, which means house prices in the capital are basically flat. Naturally some boroughs are faring better than others. Kensington and Chelsea and the City of Westminster, the latter which includes Belgravia and Mayfair, have seen increases in average house prices of 8.13% and 9.48% respectively since the beginning of the Credit Crunch according to the Land Registry Data. Other boroughs faring well include Hackney, where prices have increased by an equally impressive 8.44%.

Average London house prices have increased 1.87% overall and homeowners in the South East are experiencing even flatter prices with an increase of 0.11% since September last year.  Now is the time to make the move just call this London Property Search Agent to get the right house at the best price.

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