London Property Market Offers Welcome Shelter From Eurozone Woes

 

Belgravia estate agents John D Wood & Co. report that London represents a strong investment option for investors, with high rental yields and positive hopes for capital appreciation. The company, one of London’s leading estate agents, says that international buyers from Asia, Europe and the Middle East continue to favour homes in the so called golden postcodes of Mayfair, Knightsbridge, Chelsea and Belgravia.

 

Consequently, whenever there is a new property for sale in Belgravia, it rarely hangs about on the market, due to insatiable demand. The same could be said as far as property for sale in Chelsea and Knightsbridge is concerned. 

 

Robert Green, who is based in John D Wood & Co.'s Chelsea office, has recently been assisting house hunters from Singapore, Thailand, China, India, Russia, the Middle East, Italy, Greece, Scandinavian nations and Australia. He commented: "Buyers are normally between 40 and 60 years of age, often with children who may be at boarding school in the UK.The property is usually an additional home, and so won't be occupied full time."

 

But with attractive property investment returns also available elsewhere in the capital, John D Wood & Co. is likewise trying to encourage overseas nationals to consider buying property in alternative areas. Historically in London, residential property prices demonstrate a distinct spatial pattern over time, rising initially in a cyclical upswing in prime central London, then wider London. This is known as the ripple effect. 

 

A glance at the market in prime central London suggests that a mini boom is indeed occurring with property prices currently at an all-time high. But other parts of the capital are also commanding higher prices. 

 

This means that more people currently looking to buy property in the capital are considering property for sale in Primrose Hill, property for sale in Wimbledon and property for sale in Richmond, among a host of other regions in the city. Whether talking to Primrose Hill estate agents, Wimbledon estate agents or even Richmond estate agents, they all agree that the low cost of borrowing and under supply of housing stock in key areas of central London are all factors that have attracted foreign investment to London. 

 

There is a chronic shortage of homes to satisfy existing demand, and with house building levels in the capital at an historic low, this situation is unlikely to change anytime soon, suggesting that property prices and rents will rise further.  

 

For more information about buying a property in Belgravia through our Belgravia estate agents call 020 7824 7900.

For more information about buying a property in Chelsea through our Chelsea estate agents call +44 (0) 20 7352 1484.

For more information about buying a property in Primrose Hill through our Primrose Hill estate agents call +44 (0) 20 7586 9060.

For more information about buying a property in Richmond through our Richmond estate agents call +44 (0) 20 8940 6611.

For more information about buying a property in Wimbledon through our Wimbledon estate agents call +44 (0) 20 8944 7172.

 

Alternatively visit our website at: www.johndwood.co.uk

About Author