01.02.2013 - Domestic househunters increasingly important in London property market
A growing proportion of homeowners in the prime areas of London are cashing in on capital gains to trade up or down, according to Marsh & Parsons’ latest figures. Home buyers upsizing in the prime areas of London accounted for nearly one-fifth of all moves in the last three months of 2012, says the estate agent, making it the highest level since the beginning of 2011 and 17 per cent higher than a year ago. Those trading up are taking advantage of capital gains – 11.2 per cent in the last year alone – and a favourable mortgage market for those with equity...............................................Full Article: Source
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