London property hotspots revealed

Experts have predicted that fringe areas such as Elephant and Castle, Stratford and Woolwich will be London''s top property hotspots in 2007, with prices growing at well above average throughout the year.

According to the property advisor DTZ Residential, London''s housing market will remain buoyant this year, with prices in these fringe areas growing particularly strongly.

"The prime central London market has experienced higher price rises than expected in 2006, with high demand expected to continue into next year," said Peter Braithwaite, chairman of DTZ Residential.

"Coupled with low supply, this should ensure the market remains fluid throughout 2007," he added.

Mr Braithwaite said the central London market is likely to receive a further boost from City workers, many of whom are receiving record bonuses many and using their money to invest in property.

But while central London prices are expected to rise strongly over the next 12 months, elsewhere house price inflation is predicted to slow.

According to one analyst from HSBC house prices across the country are likely to cool this year as higher interest rates and energy costs bring about a slowdown in the market.


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