"Street Talk"--- Prime London Property will continue to rise in 2007

There is every reason that property prices will continue to rise in 2007, agents and the city actually agree!

One large national estate agency firm reported that they expect the market to cool off in the last quarter of 2007.

Difficult to agree that prices may cool off and unbelievable but true that prices will continue to rise!

If we had to bet on it, we would say buy buy buy.....

In the immediate future £4.5 billion of city bonuses are to be spent on prime property, according to an article in the Times. In the longer term, buyers from Indian and China haven't even started buying yet! We would say also watch out for the Brazilians.

Unless new sellers emerge/develop as a result of this boom, prices may start to look like they are in Turkish Lira!

Agents are expecting more property instructions in the first part of the year so hopefully that will have a stabilising effect on the market.

With foreigners buying over 50% of properties in excess of £2m, it may be time for locals to sell at jack pot prices and move to the country!

With access to work so easily available over the Internet we can be anywhere we want!! so they say.......