It would appear that the chasm in property prices between the affluent Boroughs of London and the rest of the Country may be closing albeit slowly. Demand for properties in these areas has fallen with demand in other places outside London increasing. Will this be a temporary blip or finally a stabilisation of prices which have increased exponentially and out of line with price increases elsewhere ? At the moment the outer commuter belt - places like Reading, Guildford, Watford and Bexley are the more popular choices.
The gulf between the central London property market and the rest of Britain has finally started to close, new research suggests. ADVERTISING The demand for homes fell in many pockets of the capital in the last two months, but picked up across the country. The number of houses purchased in the UK has increased by 9pc over the past two months. But this rise is partly driven by the exodus from London into the rest of the South East, triggered by sky high house prices, and an economic recovery elsewhere in the country.