5 Sep

London 'set to continue to outperform the rest of the UK'

London 'set to continue to outperform the rest of the UK'

London has long been the best performing area when it comes to property pricing in the UK, often appearing to exist in its own micro market as it remained totally impervious to the difficulties seen elsewhere.

And according to one property expert, this is a trend that estate agents and buyers will continue to see, as demand and short supply keeps prices staying steady while they drop elsewhere.

Ed Mead, director at Douglas & Gordon, said that it is the case that domestic demand dictates prices across much of the UK, while London also has the added bonus of overseas demand to boost it.

He said that this means that the market as a whole will remain the same as it has in the last two years, with London prices being resilient while the rest of the sector is suffering.

"You are going to see a weakening of the UK property market and a preservation of the central London market," Mr Mead said.ADNFCR-1222-ID-801443277-ADNFCR

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