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Lack of Properties Causing The Market To Heat Up!

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Published: 08/05/2013   Last Updated: 08/05/2013  

Prices in Wimbledon, Raynes Park and Morden have seen strong increases over the last four months.  Low mortgage rates, a shortage of housing stock and grater numbers of first time buyers

Raynes Park, Wimbledon and Morden Sales offices have seen an increase in prices in all areas for properties over the last four months.

The economy is still far from upbeat as a whole but London and its suburbs are often at odds with the rest of the country.  This is currently the case with housing.

Low mortgage rates, a shortage of housing stock available and greater numbers of potential buyers including first time buyers are the reason.

Hopefully this will settle down and more people will realise that they can not only sell their property within a short period of time but also achieve a good market price.

“I cannot see things changing much over the next 12-18 months but I do hope that more stock becomes available in London to meet the demand as no one wants to see another housing price explosion” says Sean Purtill M.D. of Ellisons.