A new report by Savills Research has shown that central London residential property prices grew for the first time since they starting sliding in September 2007. Over the past three months, property prices in central London rose by 4.3%.

Partly the rise has been fuelled by property investors believing that the housing market is nearing bottoming out and therefore property bargains can be had. There is also a lack of good quality property on the market so when good properties have a For Sale sign on them, they are being snapped up quickly at close to the asking price. Central London is also perceived as a good area to buy in as it is relatively low risk compared to other major city properties as it is home to so much business and there will always be a good supply of renters who are professionals.  Read more... (282 words, estimated 1:08 mins reading time)