Property News - London property prices continue to rise due partly to a lack of new homes coming onto the market

Property News - London property prices continue to rise due partly to a lack of new homes coming onto the market

Across the UK, the London property market was the only part of the country to see prices rise in April, albeit at the slowest rate since the middle of 2011, according to the latest RICS UK Housing Market survey.
While home prices are falling across much of the UK, regional declines are being counterbalanced by capital growth in London.
A shortage of new homes coming onto the market has created pent-up demand, with an excess of demand over supply especially in Prime Central London.
But while the city's super prime property markets look solid, the city's second-tier markets continue to go from strength to strength.
Ingrid Skinner of housebuilder Taylor Wimpey recently said: "Boroughs such as Highbury and Islington, Camden, Hammersmith and Fulham can be seen to be prudent investments. Entry level pricing is lower and rental demand continues to be strong."