Property prices in prime central London have marginally increased, representing the fourth increase in the past five months and suggesting that prices are stabilising
Prices in central, west and south west London performed best, while Islington, the City and Docklands continued to experience price falls.
‘Year-on-year, Central London, an attractive location for international investors, was the strongest performer and asking prices were just 1.80% lower than in April 2008. Islington, City & Docklands was the weakest market with prices down 5.16% year-on-year,’ says research from the website Prime Location.
Meanwhile, prices varied across the country house market with the south east and south west experiencing price falls of just under 9% while Scotland’s houses rose by 8.9%.