Property prices 'to keep rising'

Posted: 03 Nov 2009 12:06:11 GMT

House prices will rise by a minimum of a five per cent next year, according to estate agent haart.

Managing director of the firm Russell Jervis said that London property in particular is set to rise in value over the coming 12 months.

Indeed, he indicated that demand against available homes is currently at a ratio of one to ten in some areas of England's capital city.

There are unlikely to be any dips in house prices in the foreseeable future, Mr Jervis added, although he suggested that it is always hard to tell what will happen during December.

"It is unlikely based on current supply and demand figures that we will see any further drop in October's figures or for November," the expert explained.

His comments came after Nationwide Building Society revealed that property prices went up 0.4 per cent in October - this followed a 0.9 per cent rise in value during the previous month.


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