London's prolonged house price slump appears set to bottom out, with property agents expecting prices to rise for the first time in over a year, according to a survey released Thursday. This shift in sentiment signals potential relief for homeowners who have endured months of declining property values in the UK capital.

The survey results suggest market conditions may be improving despite broader economic challenges. London property professionals now anticipate price increases, reversing the downward trend that has characterized the market throughout much of the past year. This could indicate renewed confidence among buyers and sellers in the city's real estate sector.

Market observers will watch closely to see if this predicted price materializes across different property segments. The survey's findings could influence buyer decisions and seller strategies in coming months. If confirmed, this would mark a significant turning point for London house prices after a period of sustained decline.