London property forecast good
- 26th October 2007
- Selling Property News
The London property market is back on track after a rocky period and long term prosperity is forecast.
Having weathered the recent storm of Home Information Packs, adverse credit conditions and a run on Northern Rock things are now improving.
Marc Goldberg of Hamptons International says: “The central London property market has bounced back into life after a seriously rocky period in September. The market suffered a short-lived crisis as a result of the credit crunch, which created panic and, not surprisingly, severely dented buyer confidence.”
Looking to the future he believes that “we now appear to be going through a strong and fast period of recovery having witnessed a very robust October market in which buyer numbers and the volume of sales agreed have returned to normal autumn levels.”
We now appear to be going through a strong and fast period of recovery.
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