Mortgage News
London house prices rebound
London recorded the largest rise in property prices of any area in the country in March, according to haart.
The index, compiled from 23 London branches of haart, revealed that, while national house prices have risen 0.7%, London property prices have increased 3% for both average asking and average sold prices between February and March.
During the month, the average sold price in the capital increased from £261,349 to £269,971, with buyers paying the most in Camberwell Green, Raynes Park and Wembley Park.
The number of properties for sale also jumped by 19%, which haart claimed was a sign of Londoners returning confidence in the market.
Paul Smith, chief executive of haart, said: “It’s very encouraging that the London figures are on the up.
“It seems the darkest days of recession are firmly in the past and we have high hopes for the 2010/11 financial year.”
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