New homes needed for London
Continued high demand for London properties from both home and abroad are steering property prices ever higher and highlights the need for new housing developments.
According to a study on the London property markets demand for residential properties within the capital city from overseas investors is very strong and is expected to continue in this vein. The current value of the pound against other currencies make UK properties good value and long term investments will offer a healthy return.
Plans for around 9,000 new homes within central London are already in place for completion before 2020. Experts are hoping that developers will secure more land for home construction not just in the capital but outlying areas to the south east which should help ease house price inflation and provide more accommodation for both UK residents and international investors.