3 Sep

"Real pick-up of interest" for London homes

"Real pick-up of interest" for London homes

There is a "real pick-up of interest" for high-end properties in London and a similar situation can be expected soon in surrounding areas, according to one property expert.

Jeremy Way, director at Hirch Way and Ambler, said that he was very surprised at just having had the best month of business for three years, which was boosted by sales of high-end properties.

His comments follow the release of new figures from Knight Frank, which reveal that the number of property transactions in the prime London market has increased by 234 per cent in the past year.

"People [are] going to start to use their capital, taking the view [that] we are enough at the bottom to take a punt on it," stated Mr Way.

The news comes after Primelocation.com reported that the average asking price of a prime London property was £1.311 million in July, up 1.31 per cent on the previous month and up 0.33 per cent annually.

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