London prices resilient
- 18th September 2007
- Selling Property News
London house prices remain stable and appear unaffected by recent market problems according to RICS.
Even though house price growth turned negative in August for the first time since October 2005, RICS has reported that London remains “remarkably resilient”. London still maintains the strongest price growth in England.
Ian Perry, spokesman for RICS says: “Potential house buyers have become far more cautious as they wait and see what effect interest rate rises will have on household finances. Affordability is at its more stretched in over a decade and many will worry that rising mortgage repayments will prove a step too far.”
Potential house buyers have become far more cautious.
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