12
May
London property market picks up
More property is being sold in some parts of London, compared to
the start of the year, according to a property professional in the
capital.
Peter Rollings, managing director of estate agent Marsh &
Parson, said people who have the purchasing power are "competing
hard for the best properties" in the region.
It may be particularly beneficial for people with homes to sell in
Kensington, Chelsea and Mayfair, as buyers are apparently seeing
the value in property in these prime parts of London.
Mr Rollings comments come after it was reported that transactions
in the prime London property market are "substantially up" at the
moment.
"The number of people exchanging contracts has risen about 70 per
cent from January following excellent buyer registrations in the
first quarter," he explained.
The prime property market in the capital continues to improve, he
added.
Halifax indicated this month that Scotland and Yorkshire-Humberside
are currently the most affordable UK regions for first-time
buyers.
