Confidence still in London property market

Londoners’ confidence in the property market has bounced back according to research from Rightmove. A majority of people living in the capital – 59 per cent – say that now is a good time to buy, and more than half expect to purchase a home to live in this year, with 12 per cent planning to buy an investment property. Nationally, around 50 per cent of people expect to buy a property during 2009, although seven in 10 predict further price falls.