London property market boom ‘not reflective’ of UK malaise - News - The Docklands
LONDON’S continued buoyancy in the property market is creating a distorted picture of the speed of the industry’s recovery.
The capital was the only area of the UK to record house price growth during March, according to a survey by the Royal Institute of Chartered Surveyors.
Nationally, 23 per cent more chartered surveyors reported a fall rather than a rise in property prices (from 26 per cent more in February).
London was the only area of the country to report a rise in prices, demonstrating that the Capital is still operating under different market conditions to the rest of the country.
RICS housing spokesman Ian Perry said: “The rather negative outlook for property prices across the UK seems to better reflect the general economy than the micro climate of London.
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