London homes moving fast
Residential London properties are selling fast according to several leading agents based in the Capital. House price appreciation across the London sector of the UK property market continues to outshine the rest country’s local markets with home prices achieving their strongest monthly jump for three years during March.
The recent financial scare in Cyprus together with the on-going crisis playing out across many regions in Europe is expected to have a positive effect on residential sales throughout the city. Unlike many other UK regions London properties now spend just over a month on the market before a new buyer comes along – this is the shortest average selling period for nearly six years. Demand from overseas property buyers remains very strong and domestic buyer activity is good boosted by a wide range of products available across the UK mortgages industry.