London’s property market stays steady says KFH’s MD Lee Watts
'Despite the predictions, the London property market has not shown signs of slowing so far this year. Across our branch network, compared with the first quarter of 2009, we have seen a 40 per cent increase in buyer registrations and an 80 per cent increase in new properties for sale. This has resulted in a healthy balance between supply and demand, a continuing upward trend in selling prices, and sales more than doubling compared with a year ago. These activity levels continued into spring and, although the general election prompted a slight lull, with interest rates remaining low, we expect market conditions to stay relatively unchanged through the summer months.’Email Lee Watts, ho@kfh.co.uk