Link: http://www.moneymatchmaker.com

London property prices are set to go on rising, it has been claimed.

Chief executive of real estate firm London Central Portfolio Naomi Heaton said: "The residential market in London central started its recovery in quarter two 2009 and we believe this is set to continue."

She reasoned that this was because the market price levels are below the "historical average" and thus have more scope to keep going up.

The increasing appeal of the capital, the low cost of credit and the weakness of the pound are all contributing to the popularity of London property, she added.

A further doubling of the average value of property in this sector would take such homes to a typical price of £1.25 million by the time of the 2012 Olympics, Ms Heaton projected.

Earlier this month, Primelocation.com predicted that there will be a surge of properties onto the London market this year.

It noted that 10,000 vendors in the capital had yet to appoint an agent to market their homes.