London property market 'close to bottoming out'
Homeowners in London considering building a conservatory to add value to their property in order to sell it when the market recovers may not have long to wait, it has been suggested.
London Central Portfolio Limited has suggested the housing market in the capital may be "very close" to bottoming out.
Chief executive Naomi Heaton explained buyers are waiting until the industry reaches its lowest point before taking advantage of cheap debt, the weakness of the pound and a "softness" in the market.
"My opinion is that we are very close to that point because the market will harden as buyers return and the weight of interest indicates this will happen over the next few months," she said.
Primelocation.com recently revealed asking prices in London fell by 0.5 per cent in March - the first time they have done so in five months.
More than half (53 per cent) of visitors to the website said they felt the market would bottom out some time between April and December this year.
Three generations squeezed into half a million homes
17 April 2009
More than half a million British households are squeezing in at least three generations of the same family, according to new figures.The statistics, from Lloyds TSB, show a 7.6 per cent rise since 2005 - which could see some need to...
Millions 'waiting on market change' before buying property
16 April 2009
Around four million homeowners are holding back on re-entering the property market, it has been suggested.Research from First Direct found many were willing to wait it out before selling in order to "cash in" on cheaper homes...
Brochure
Would you like some more information on our conservatories? Order a copy of our brochure online today or call
Gallery
View either our residential gallery or our commercial gallery or view a number of our conservatory case studies.
