A lack of new housing coming onto the market for sale in London is supporting particularly strong rises.
More Quotes from Richard Donnell:
Activity levels held up quite strongly over the final weeks of 2005 compared to previous years. The scale of new buyer registrations over the next few weeks will be an important indication of what sort of year we can expect for the market.Richard Donnell
A move to more realistic pricing over the past 12 months and improving buyer confidence has resulted in this small increase in average house prices.
Richard Donnell
The current level of growth is unsustainable over the longer term as house prices in the capital still remain relatively high.
Richard Donnell
A resurgent market in London, where prices grew by 1.1 percent, has put something of a gloss on the headline results.
Richard Donnell
The pick up in activity levels and prices over the final quarter has created optimism that values will continue to rise slowly over the year ahead. The recovery in London is set to continue and spread to the Southeast over the year.
Richard Donnell
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