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HOUSE PRICE RISES ARE BACK - The Times August 2005

The prices of homes in the most exclusive parts on central London has risen faster than the national average this year as the top end of the capital's property market emerges from four years of stagnation, writes Friederike Tiesenhausen Cave.

Clearly the fact house prices have been constant means the house market has stabilised, There were concerns and downside risks to our earlier forecasts that the house prices might fall quite significantly.

That has not been seen so far....So i think the picture of the housing market is a stable housing market.

But over the long term the differences between the lenders' figures are large. The Nationwide estimates the price of a property worth £100,000 in May 1995 would have risen to £302,000 a decade later, while the Halifax believes that the property would have risen to only £265,000.