Residential property prices in prime London suburbs showing strong recovery, report shows

Discussion in 'UK Property' started by Nicholas Wallwork, Jul 23, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]Prime residential property prices in the suburbs of London are rising as demand begins to outstrip supply, according to the latest real estate index.

    Prices in areas including Hampstead, Richmond, Wandsworth, Wimbledon and Fulham, rose by 3.7% in the three months to the end of June, the Knight Frank Prime London Suburb House Price Index shows.

    This means that the annual price change has improved to -10%, from -14% in March and supply of new property is down by 40% year-on-year, the report also shows.



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