Strutt & Parker's research team take a look at the Prime Central London property market in Q3 2013
Strutt & Parker's research team take a look at the Prime Central London property market in Q3 2013
At present the UK’s housing market appears buoyant. An improvement in
credit conditions aided by government policies, such as ‘Help to Buy’, and the steady
economic recovery, is feeding through to house price growth. The Nationwide House
Price Index rose by 4.3% year-on-year for Q3, up from 1.4% in the second quarter of
this year.
House prices in Prime Central London (PCL) continued to build on strong growth in the previous quarter, as pent up demand from the latter half of 2012 and a particularly bad winter was further buoyed by strong interest from foreign buyers and an improvement in domestic conditions.
Read the full report: London residential Autumn 2013.