Demand for London properties remains buoyant
DIY house selling
in London is perhaps becoming more prominent, as figures show that the market is now in its sixth consecutive quarter of growth.
The Savills prime London index reveals that values have increased by 2.8 per cent since the start of the year, with demand from international buyers growing.
"There remains strong evidence that London retains its global city status and appeal as a safe deposit for international cash generated in more economically and politically volatile markets," commented Yolande Barnes, head of Savills research.
She emphasised that these buyers are viewing the property market in London as a "gold standard asset" and that it will be interesting to see how the situation pans out over time.
Ed Mead, director at Douglas & Gordon, recently said that a home which is appealing to foreign buyers at the moment is likely to fare especially well on the market.
- Property News from Lawpack: buying or selling your own house? Straight-forward advice on DIY house selling.
Published on: March 29, 2011
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