Those who own property in London - including private landlords - should be confident that the value of their assets will keep rising, it has been suggested.

Russell Jervis, managing director of independent estate agent haart, said that applicant demand against available property is at a ratio of ten to one in some of the capital's boroughs.

He also predicted that house prices are unlikely to dip in price for the foreseeable future, although he noted how December is traditionally "an inconsistent trading period".

"It is unlikely based on current supply and demand figures that we will see any further drop in October's figures or for November,"he explained. "We expect a five per cent growth as a minimum in 2010."

For private landlords assessing the value of their portfolios, last week's Nationwide Building Society property price index for October may have made good reading.

The research showed that the average home in the UK rose 0.4 per cent in price during the course of the month - the sixth consecutive monthly increase.

Written by Mark Garner
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