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London Estate Agents News: London property market sees robust growth in Q2
Property hunters looking for flats and houses for sale in Mapesbury, London, might be interested to hear that the capital is the only region in the country where house prices have not fallen.
According to figures published by Nationwide, average prices in the second quarter of this year were down year-on-year in every other part of the UK, with average prices slipping 1.2 per cent to £166,764.
Robert Gardner, chief economist at the building society, commented: "Across the UK, prices rose by just 0.2 per cent in the second quarter of 2011, resulting in a further deterioration in the annual rate of change to -1.2 per cent.
"Quarterly price growth in London remained robust, with a seasonally adjusted price increase of 2.6 per cent. London was the only region to see an annual price rise, with prices up 2.9 per cent on the same quarter one year ago," he added.
Meanwhile, investors have been encouraged to search for student accommodation in London, as there is always a steady supply of tenants.
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