Dec
6

London property market recovering


The Hometrack UK Cities House Price Index for October 2019 shows that London property prices may be 'showing signs of life' as average prices increased by 1% over last year. This is likely to be due to a drop in supply and more realistic asking prices. Leicester top the cities index table with and increase of 4.7% over 2018, and Aberdeen house prices continue to fall with a drop of 5.9%.

You can read the full report here.

You may also find this report by Coldwell Banker Richard Ellis (CBRE) of interest. It offers some positive news for homeowners and investors in and around the key regeneration areas of London such as Southbank, North Greenwich and Paddington Basin. The research conducted in these areas identified an annual property price growth of 4.7% above average with Stratford benefitting from an 8.5% uplift. The report focusses on seven of these areas in London and found that overall, the average annual house price growth was boosted by 3.5% due to regeneration. You can read the report here.