A look back at Price Rise over the year

 
A look back at Price Rise over the year

House prices over the past several months have continued to grow in and around London and in some London boroughs house prices went up by more than the prime minister's annual salary of £142,000 in the same year.

A continued boom in house prices resulted in two thirds of London borough properties having effectively netted more than the average nurse’s salary in the 2013-14 financial year, while in 10 areas including Camden, Wandsworth and Hackney, houses achieved rises equating to more than London solicitors who take home an average of £70,840 a year.

With development on the increase and the apparent re-generation schemes which are taking place across London, now has never been a better time to invest.

Developers have seen an increase in people purchasing off plan and reaping the rewards of a carefully anticipated “flip” and pocketing large profits. We expect this trend to continue as Crossrail gets underway which is inevitably going to cause an increase in demand for investment properties.