Lamport Bassitt Solicitors - Legal News - London property market should reach "better health" in 2012


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS London property market should reach "better health" in 2012 The licensed property market in London should be in far better health by the Olympic Games in 2012, according to an expert. Property market recovery will take time to materialise, due to the current economic climate and cuts issued in the government's Comprehensive Spending Review, according to a representative at Hirch Way and Ambler. Jeremy Way, director at the estate agent, said: "I don't see any increase until we have got more security in the economy and we know the full extent of the government's cuts." Mr Way added that property investors will be "a lot happier" by the time that the Olympics arrive in London during 2012. In addition, Knight Frank reported today (November 2nd) that property prices in central London fell by 0.23 per cent in the month of October. This decrease means that property prices in central London have now fallen for four consecutive months. Posted by Gaby Hamerton Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News