Fulham Property Bounces Back While Putney Property Auctions Surge

The news is that despite a lingering recession, therecent properties to go under the hammer in Putney
London property market is bouncing back from itshave fetched between 935,000 and 1.375 million
two-year slump. Some areas are recovering morePounds. Back in Fulham, it's a case of old versus new
quickly than others, with south-west London provingon the property market. New properties are struggling
particularly resilient. Fulham property, for instance hasto attract buyers and many projects have been
staged a remarkable come-back, closely followed bydelayed until the property market stabilises some more,
the Putney property market, as well as Wandsworthbut large Victorian houses in Fulham, Wandsworth and
and Richmond.Richmond are attracting property seekers in their
According to some Fulham estate agents, propertydroves. Properties that are worth between 500,000
prices in the area fell by 25% when the marketand 750,000 Pounds are proving the most popular with
crashed, which was actually a bigger fall than manysales declining rapidly after the 1 million Pound mark.
other 'prime' areas of London, where the estimatedAccording to an estate agent in the area, the reason
damage was a relatively low 20%. Now that propertybehind the popularity of Fulham property is that it
prices are on the mend, Fulham has recovered by anmeets a lot of criteria: it's safe, has good transport links
estimated 15%, which is higher than the roughly 8%and is close to many of London's favourite attractions.
growth in the rest of central London.The same can be said for the Putney property
The Putney property market is also surging, especiallymarket, although buyers might want to go through
when it comes to property auctions. Some of theestate agents rather than attend an auction.