London boosts house price rise says London Morgage Broker, London Mortgage Advice Tuesday, 29th September 2009

As a result of a surge in prices in London and the South East,house prices rose 0.2% during September figures from Hometrack show.

Nationally house prices rose 0.2% over the last month, compared with a 0.1% increase in August the housing data company’s latest housing survey shows. But Hometrack says this trend is attributed to price rises of 0.4% in London and 0.3% in the South-East,

This is essentially a London and South East story where house price are showing these increases by virtue of a general shortage of quality homes for sale

In the very short term this trend is likely to continue with general shortgages propping up house prices.

Concerning the rest of the country, house prices are likely to be somewhat stable although there will be pockets with there own individual performances.