According to Jones Lang LaSalle, London residential prices in 2013 have already risen above most analysts’ expectations and are now predicted to rise around 6-8% in 2013 with some areas such as Nine Elms Lane and Albert Embankment already seeing rises above these levels in the first half of the year alone. With the demand for an extra 40,000 new homes per year only being half met the prices are set to continue rising for the foreseeable future. As analysts have stated that now the economy in the UK is recovering, significant new domestic demand is expected to only fuel the current rises in price.