23
Jul
Activity 'increasing' on the London property market
Levels of activity in the London property market are likely to
increase as City workers are more confident about their pay packets
this year.
This is the opinion of Ed Mead, director at London estate agents
Douglas & Gordon, who explains that companies in the capital
are once again beginning to pay guaranteed salaries.
They are also offering bonuses in order to attract quality
employees and this is encouraging people to go out and buy
properties, he continues.
He says that buyers in the rest of the country make their way up
the property chain, London has a more aspiration market.
Mr Mead notes that "people want to pitch for bigger properties and
at the moment there appears to be plenty of cashed-up people around
with the 40 per cent deposits who can get the mortgages".
Recent figures from Primelocation.com show that rental prices in
central London have fallen for the 15th successive month.
