UK house prices have gone through a period of impressive growth.  Over the course of the last two years houses have been on a run of month after month increases in value.  This has benefitted not only those who are looking to move home, but also those who have been under water for months.  Those under water owe more on their house than it is worth to the market.  London has been especially smiled upon.

Knight Frank recently predicted that house prices are not done moving this year.  Houses are predicted to slow modestly in house price increase until the end of next year.  But over the course of the years 2015 through 2019, house prices are expected to take off and increase overall by almost 20%.  Those owning property in London can expect an equal amount of growth and some estimates for the Capital City are even expecting growth of closer to 26%.

Liam Bailey of Knight Frank, commented on the near future of UK housing prices, saying: "While we expected London to continue to lead the market, we also expected annual price growth in the UK, which had lagged since 2009, to spike higher.

"Our forecast that the UK would see 7% growth in 2014 appears so far to be prescient. Our view that Greater London price growth would peak in 2014, again appears likely to be vindicated.

"One area we perhaps underestimated was the continuing momentum of the prime central London market, in particular the growing influence of the UK buyer on the back of improving domestic economic conditions.

"While we were right to anticipate a slowdown from the levels of growth seen in 2013, end of year growth in 2014 is likely to be closer to 6% rather than 4%.”