Looking at the cost of renting, there was very little movement in average rental prices in Q2-2009, up only 1.1% compared with Q1-2009. Geographically rents in London were very flat, whereas the wider Country market was up 2.5% in the quarter.
These latest Hamptons figures reveal that housing prices have been levelling out during the early part of 2009. This trend has been replicating across many locations in the UK for a consistent period illustrating this is more than a unique occurrence in one sector of the housing market.
Rob Bruce, research manager, Hamptons International said: "Our latest figures demonstrate climbing prices in the London sales market, with early indicators suggesting a comparatively steady flow of new buyers still entering the market, even during the typically quieter summer months."
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