"We know that people have remained cautious about putting their property on the market this year, but these price increases are boosting consumer confidence in the market. This is further shown through the increased number of properties we’re seeing going up for sale."
The London Property Index also revealed a rise of 18% in the number of properties sold in Leytonstone and that the average sold price in that area had also increased by 14%. Meanwhile Wimbledon and Southgate saw the largest numbers of properties coming onto the market.
Jervis added: "The London market is anticipating a property boost in the New Year with the controversial reinstatement of City bonuses. Add this to the healthy confidence we’re seeing at the moment and we predict a strong start to 2010."
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