The current level of growth is unsustainable over the longer term as house prices in the capital still remain relatively high.
More Quotes from Richard Donnell:
London continues to be the engine for national house price growth. In the short term, prices in London are likely to be supported by an ongoing shortage of housing for sale.Richard Donnell
A lack of new housing coming onto the market for sale in London is supporting particularly strong rises.
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
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
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
Readers Who Like This Quotation Also Like:
Based on Topics: Capital QuotesIf we ever get to the polls once, you will never get us home.
Anna Howard Shaw
I've been watching so many movies and they all have to do with the DVDs. It's just so much more convenient.
Shiri Appleby
Three thousand people died at ground zero. Their families are entitled to a little bit of respect, to respect the memory of those poor people that died there. And how about the families of all those soldiers that died in the two ensuing wars? Aren't they entitled to a little bit of respect - the kids, the wives, the parents?
Carl Paladino