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Prime property SURGES 6% in a month thanks to falling pound
Turnbull2000
Posts: 1,807 Forumite
http://www.standard.co.uk/news/london/prime-property-prices-soar-6-in-a-month-as-pound-plummets-8538906.html
Some huge double digit London enjoyed in London lately. Should have a positive ripple effect too.
And we've still got the inevitable housing market Budget stimulus to come!
2013 could potentially bring double digit growth to regions other than London IMO.
Some huge double digit London enjoyed in London lately. Should have a positive ripple effect too.
And we've still got the inevitable housing market Budget stimulus to come!
2013 could potentially bring double digit growth to regions other than London IMO.
The sudden slump in the value of the pound has given the central London property market a dramatic boost at the start of the spring “buying season”, according to a report out today.
Sterling has fallen by about seven per cent since the start of the year, making London property far more affordable to wealthy foreign buyers armed with dollars, euros or Chinese yuan.
Sellers are in the strongest position in the most deirable areas of central London, with Kensington & Chelsea seeing a 6.2 per cent monthly rise in asking prices to £2.32 million, up 15.8 per cent on the same time last year, according to property website Rightmove.
Westminster properties came to the market in March priced at an average of £1.58 million, up 5.8 per cent in a month or 14 per cent in a year.
The biggest annual rise was 16.8 per cent in Hammersmith and Fulham, where average asking prices breached £1 million for the first time.
Across London, average asking prices are 1.9 per cent higher than in February, at £496,298, and nine per cent higher than last year.
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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Comments
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I notice the "spring bounce" has now become "spring buying season"
Funny that.0 -
God there's an awful lot of ramping threads going on here at the moment.0
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shortchanged wrote: »God there's an awful lot of ramping threads going on here at the moment.
....... and mostly from people who live in their sister's spare bedroom.0 -
shortchanged wrote: »God there's an awful lot of ramping threads going on here at the moment.
Just highlighting the ongoing recovery. Almost a resurgence if you like.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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