Capitals property market still restrained
Homeowners in the capital may consider adding an improvement such as a bespoke conservatory or glasshouse to their property following recent comments from an expert.
London Central Portfolio chief executive Naomi Heaton explained that while prices were rising, buying activity was still being held back by "timidity and negative sentiment".
She explained, contrary to what is occurring in other parts of the country, it is not the lack of finance that is stopping the residential industry recovering in the capital – but peoples risk-averse attitudes.
Recent figures from Savills show prices have increased by 4.3 per cent in central London during the second quarter of the year, although they are still down 19.8 per cent on their peak.
Knight Frank statistics vindicate this, showing values have fallen by 20.1 per cent in the past year.
Homeowners looking to make their property bigger may consider having a roof light installed and renovating the attic space.