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Hectors House

London House Prices Rise Again, As Demand Outstrips Supply

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There was another jump in house prices month-on-month in November as surging demand from buyers outstrips supply.

The greater availability of mortgages is helping fuel demand from property buyers, but a lack of houses means prices are being pushed up.

These are the main findings from the Hometrack report:

PERCENTAGE OF ASKING PRICES ACHIEVED:

  • London: 97.7%
  • South East: 95.9%

AVERAGE TIME TAKEN TO SELL

  • London: 3.6 weeks
  • South East: 5 weeks

CHANGE IN HOUSE PRICES

  • London: +0.7%
  • South East: +0.7%

http://www.itv.com/news/london/2013-12-02/london-house-prices-rise-again-as-demand-outstrips-supply/

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