Strong demand for London homes
Analysts looking ahead for the next six months predict a rise of between 2 and 3 per cent growth for the central London property market.
Outside of the capital UK property prices are expected to retract by around 3 per cent during the remaining months of 2012. With further job losses ahead in many regions of the country and the economy failing to show any real signs of improvement many potential domestic property buyers are delaying the decision to move up the property ladder until conditions improve.
This is not the case in the central London property arena where sales remain consistent and international property investors have a 20 per cent share of the prime London market. According to several leading residential property agents supply levels are running close to record lows.
Overseas buyers consider London properties to be a safe investment choice while the Eurozone crisis continues to badly affect property values in other European locations.