Private landlords, homeowners and other property investors fear they will miss the bottom of the housing market by holding out too long, it would seem.

Naomi Heaton, chief executive at London Central Portfolio, a London-based property firm, has claimed that window shoppers have been turning into committed buyers in recent months, which could prompt house prices to grow.

Indeed, Knight Frank reported that prime central London property prices increased by 1.6 per cent in May 2009, which followed a 0.4 per cent hike in value during the previous month.

Ms Heaton remarked: "A 20 per cent discount to peak prices can only be realised and consolidated with a successful transaction.

"Those entering the market in recent months have been ahead of trend and it often transpires that the early bird gets the worm."

Property is sure to start getting more expensive again in the coming months, she added.

National Association of Estate Agents research has suggested that the second quarter of 2009 saw growing numbers of people register their interest in homebuying at agents across the UK.

Written by Claire Doyle

Related posts:

  1. Bottom of the market ‘very near’
  2. Private landlords and the prime property market
  3. Private landlords see rental prices drop 0.4%
  4. A fifth of private landlords planning to buy property
  5. UK landlords can be ‘cautiously optimistic’in 2009

Leave a Reply

You must be logged in to post a comment.