Property prices hike for prime London homes
London property prices will continue to gather momentum in the remaining months of 2012 unlike the remainder of the UK property market.
Extensive research carried out by property consultants CBRE indicate that prime residential properties in central London will appreciate by up to 6 per cent boosted by wealthy foreign investors who view London properties as a secure and strong investment opportunity.
Records show that average house prices in prime central London are now more than 15 per cent higher than levels reached prior to the global economic downturn, luxury homes in this sector have seen values climb by around 34 per cent during the last 36 months.
Prime London property prices are among the most expensive across the world on par with Hong Kong and Monaco and with limited land available for development demand for luxury homes will continue to outstrip supply.