House prices in Prime central London rises by 20%

Demand for investing in prime central London has picked up, after a recent report of property slowdown. A new report of third quarter shows that there is a quarterly price rise across all sectors in the capital. Particularly there is a strong growth in flats and maisonettes, the average price for the properties have risen almost 11% on comparing with the second quarter and 1.71% across the last year. Wherein, the house prices have increased by 20% to the second quarter.

Expert says: “The third quarter revival in London prices was good news for investors, demonstrating the market’s flexibility after a challenging year. This reflects the fact that some owners are holding back from selling with the prospect of higher prices in the 2016 market.”

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