London property prices continue their relentless upward journey

Cluttons are quoted today acknowledging that residential property prices in London rose by 2.3% in the first quarter and the average price of an apartment breached the £1m limit for the first time.  They anticipate prices to rise by 22% over the next five years.

This is probably true and is a demonstration of the lack of supply of properties on the market at any one time. Continue reading