Estate agent enjoys its best month since housing boom

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Douglas & Gordon, which has 16 offices in the capital, today said that last month was the best in its 51-year history after July 2007 in terms of the number of buyers registering and sales agreed.

House prices rose for the second time in three months in July. The average in London is £301,859, 12 per cent lower than £343,004 two years ago.

Nearly 1,300 buyers a month are signing up with Douglas & Gordon. The agent recorded nearly 100 agreed offers last month, 90 per cent of July 2007 levels. A year ago, its applicant levels were a third of what they are now, with half as many sales.

Managing director Ivor Dickinson said many properties were attracting two or three buyers. He said: "We've seen south-west and central London rise by one per cent a month for four months. Lack of supply combined with more buyers is creating a bit of a stampede."

* A room with a view can increase the price of a London home by up to two thirds, according to a property company's figures.County Homesearch said that of two flats at Cinnabar Wharf in Wapping High Street, the one with views of Tower Bridge cost 66 per cent more per square foot than a flat in the same block facing the other way.