London property prices and transactions hold firm

The housing market is beginning to move in the right direction, as new research reveals that average house prices rose for the second consecutive month in August.

After a shaky start to the summer, with house prices falling between April and June, the housing market bounced back in July and August. Last month the average cost of purchasing a UK home was £219,078.

This is nothing compared to the housing peak during the summer of 2008, but is a step in the right direction.

London property outperforms
London, having defied a big fall in transactions, is the bright spot in an otherwise gloomy property market. It is also currently the only region in England and Wales to see an increase in house prices.

Stephen Ludlow, Chairman of ludlowthompson, comments: “While London is best of the rest for UK house sales, it is still important to use a professional agent when marketing your property.

“Buyers are more demanding and so effective marketing and negotiations can be crucial to clinching a Sale.”

ludlowthompson provides a dedicated and comprehensive service to ensure that they are marketing to buyers’ needs. With offices that remain open until at least 8pm most weeknights to allow for convenient, post-work viewings and a 24 hour live website services with priority online booking for property viewings, ludlowthompson go the extra mile to get the best possible house Sale.