Wednesday, October 24, 2007

Strong Housing Market in the Coming Months?

Traditionally, spring is the season when the housing market picks up.

An increase in the number of buyers, helping boost the number of sales agree, points to a much stronger market in the coming months.



City bonuses have ignited the housing market in London.

Big houses are selling fast, often going to sealed bids.

In one case a property was reported to have attracted 33 bids.



Furthermore, the growth that started in the prime areas of London is showing signs of spreading out across the rest of the capital.



London continues to be the engine for national house price growth with values in the capital moving 1.2% higher over the month and by over 3% over the last quarter.
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