London Property: 'Demand Greater Than Supply'

 

A property specialist has stated that current demand for accommodation in the capital is so high that it outstrips supply.

Investment Management at London Central Portfolio, Hugh Best, claims demand for "quality" properties in London continues to outweigh supply and that competition in the prime housing sector in the capital is "very strong".

"The market has been typified by low levels of stock and high levels of international interest as investors look to London Central as a safe haven for their monies," he added.

Mr Best commented that quality demands a premium, but there are still bargains out there for buyers if they are prepared to look hard enough. Prices are beginning to relax due to the rapid price inflation seen since the credit crunch and coincides with the traditional lull experienced in the run-up to Christmas. However, he suggested that this will entice investors back in the New Year.

According to a recent report from Halifax, the number of £1million pound property sales has more than doubled over the past 12 months.

 

<--- return to news section

property agency training - property practice course

 

4 Everything Property4 Everything Property - UK Property Directory

4 Everything Property is a UK property directory bringing you the latest property news and resources. Register now for FREE newsletters and updates. Plus, if you are a property agent or property industry service provider you can also advertise in the directory for FREE.

 

© 2005-2012 Property Agency Training - Design by The Business Ladder (UK) Limited | Legal Information | Site Map