Daily Mail, (Money section) 31.12.2013
House prices up 3.2% over the past year, with London property rocketing almost 11%, Land Registry figures show
James Hall, director of London estate agents, Fishneedwater, says: ‘It's expected for an estate agent to sing up the market, but right now in the capital it's hard not to. The London property market is stronger, arguably, than it has ever been.
‘First time buyers have been leading the charge for well over a year now and this trend is reflected in the latest data from the Council of Mortgage Lenders. Why is this happening?
‘I think first time buyers are very sensitive to the fact that mortgage rates are about as low as they will ever be and that, if they don't buy soon, they may never get onto the London property ladder...(Continued)
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