Prices are likely to continue to rise over the next month or so as a result of buyers returning to the market and supply remaining limited.
The pick up in activity levels and prices over the final quarter has created optimism that values will continue to rise slowly over the year ahead. The recovery in London is set to continue and spread to the Southeast over the year.
London continues to be the engine for national house price growth. In the short term, prices in London are likely to be supported by an ongoing shortage of housing for sale.