Evening Standard: Increase in central London properties for sale ‘healthy’ for housing market

The number of properties for sale in central London has increased by 28% over the last six months. While there is still a shortage of property on the market, the number of buyers to properties decreased from 14 people per property in March to 11 this month. Marsh & Parsons estate agents, which researched the trend, welcomed the “healthy development”, saying: “Last year, we saw galloping house prices in the capital, underpinned by a severe shortage of properties. “Buyer demand is still as strong, but there is now a greater balance between supply and demand. This will encourage more activity market and see prices rise at a more sustainable pace.”